HDFC investor's plight: 2.6 lakh crore rupees lost in nine days, enthusiasm for merger cooled


Posted on 19th Apr 2022 02:44 pm by rohit kumar

There was a lot of excitement among the investors as soon as the news of the merger of HDFC Bank and HDFC Ltd came. Its effect was also visible on the stock market that day. But this enthusiasm remained only for one day, while the decline in its shares started the very next day, it continues. Talking about the latest situation, investors have suffered a loss of Rs 2.6 lakh crore in just nine days.

 

 

Big drop in market capitalization

Did you know?Explore Trending and Topic pages for more stories like this.

 

According to a report, the shares of HDFC have lost nine to ten percent in this period. HDFC Bank\'s market capitalization as of April 4, 2022, was Rs 9,18,591 crore and in these nine days, it declined by Rs 1.67 lakh crore to Rs 7,51,421 crore on Tuesday. Apart from this, the market capitalization of HDFC Ltd as of April 4 was Rs 4,85,692 crore, which declined to Rs 3,94,097 crore. Accordingly, there has been a loss of Rs 91,595 crore in its value.

 

 

Losses as much as Bajaj Finserv\'s value

 

According to the report, after the announcement of the merger of the two companies, the market capitalization which started decreasing is proving to be very bad for those investing in them. Looking at the loss figures, the amount of money that investors have lost in these nine days is equal to the total market value of Bajaj Finserv. Looking at Tuesday\'s figures, Bajaj Finserv has a market cap of Rs 2.52 lakh crore.

 

Downtrend continues on Tuesday

 

Shares of HDFC Bank were trading down more than two percent at Rs 1,362 on the BSE during opening trade for the ninth consecutive session on Tuesday, with the bank\'s stock falling nearly nine percent in the benchmark  in the previous trading sessions. Like HDFC Bank, the shares of HDFC Limited are also trading with a steady decline. Its stock was trading at Rs 2161 till the time of writing the news.

 

The merger process will be completed in 18 months

 

Significantly, the merger of HDFC Limited and HDFC Bank was announced in the past. Immediately after the news of this merger, the company\'s shares had jumped up to ten percent. According to the report, some regulatory approvals are yet to be received, after which the deal will be completed in the next 18 months and after that, a new company will be formed. Which will be the world\'s largest lender.

 

Also Read: Big blow to the common man Wholesale inflation rose to 14.55 percent in March, the government gave a big reason

1 Like 0 Dislike
Previous news Next news
Other news

Covid-19 in India: News of relief in India regarding Corona! Only so many cases came in 24 hours, active patients also decreased

There is an outcry in China due to the coronavirus. Every day lakhs of people are coming under th

Rain and snowfall in the mountains and sunshine in the plains. In which states including Delhi-MP and Rajasthan will the mercury rise?

The last week of February is underway, and the weather is rapidly changing. While the cold is slo

DC vs MI: 'He is in my place', after getting beaten up, a furious Bumrah got into a fight with Karun over drinks; Hardik-Rohit jumped in between

Delhi Capitals star batsman Karun Nair performed brilliantly in the match against Mumbai Indians.

Ethanol Blending Row: Nitin Gadkari Challenges Critics, Asks 'Which Vehicle Faced Issues Due to E20 Petrol?'

Union Road Transport and Highways Minister Nitin Gadkari has strongly defended India's E20 ethano

Lokah Chapter 1: Kalyani Priyadarshan's 'Lokah Chapter 1' continues to dominate the box office. Know the earnings of the 11th day.

It has been 11 days since the release of the Malayalam film 'Lokah Chapter 1' today on the second

Ruckus in Parliament on the issue of illegal Indian immigrants returning from America, Congress said- why is the government silent

104 Indians who had entered the US illegally have returned to their homeland. On Wednesday, a US

Covid 19 India: Mandaviya alerted about Covid, Dr. Pal called precautionary dose mandatory

A high-level meeting was held today under the chairmanship of Union Health Minister Mansukh Manda

US and China fighter aircraft came very close in the South China Sea, flying at a distance of just 20 feet

An American military aircraft (RC-135 Aircraft) and a Chinese Navy fighter jet (J-11 fighter jet)

'Speaker cannot be the spokesperson of any party', a debate erupts after the Vice President's 'supreme' statement; Who said what?

A day after Vice President Jagdeep Dhankhar publicly criticized the Supreme Court for setting a t

Big terrorist attack averted in Germany: Two brothers arrested for planning attack with chemicals, both were Islamic fundamentalists

Two alleged terrorists were arrested in Germany on Sunday after an operation. There are allegatio

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash