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The Times of India
The Times of India
Business
PTI

PFRDA gives nod to HDFC, HDFC Bank merger proposal

HDFC HDFC Bank HDFC Ltd BSE New Delhi SEBI

NEW DELHI: HDFC Bank on Friday said it has received pension fund regulator PFRDA nod for the merger proposal of its parent HDFC Ltd with itself.

Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at about $40 billion, creating a financial services titan.

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