MoneyWorks4Me

HDFC Bank to hike stake in NDSL

29 Oct 2018 Evaluate

HDFC Bank is all set to acquire 4.95% equity stake in National Securities Depository (NSDL). The Bank currently holds 5% of the total equity capital of NSDL. It is proposed to increase the stake in NSDL to 9.95% from an investment perspective. The proposed acquisition is expected to complete by end of December 2018.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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