HDFC allowed to buy upto 9.5% shares each of ICICI, Axis and some other banks.

[Trust Me]

This bit of today's news I didn't find mentioned anywhere here. I found it to be interesting, so here goes (mods please merge it with any existing thread on this topic, or just delete it if deemed uninteresting or redundant):.

HDFC have been allowed to buy upto 9.5% shares each of ICICI, Axis, IndusInd, Bandhan, Yes Bank and Suryoday SFB. The stake purchase must be completed within one year.

Stock prices of some target banks jumped up as a consequence of this announcement (e.g. Yes Bank gained 13%).

 

[sxchzy]

isse mera kyaphayda

 

[KunalJ]

HDFC group has been allowed. My guess is HDFC MF would have hit the existing limit of 5%

 

[prash1161]

Tera sabun slow h kya?

 

[Vasuki]

Hdfc is 52 week low ? Any update

 

[prash1161]

Hdfc is 52 week low ? Any update

Bro aur bhi acche acche stocks h lelo. Hdfc mai major major holding foreign investors sab unpe h ab so i won't take risk

 

[paxauquabriba-4876]

within 5 yrs hdfc = jio of banks & after 5yrs hdfc goes bust & then jio fin buys busted hdfc from govt bailout for peanuts & after 10 yrs jio fin= hdfc

 

[VijayflyRaven]

HDFC will merge with ICICI by giving ICICI 67 shares for every 100 shares held. Jio will buy this merged entity and call it Jio bank.
Adani will merge Axis and Kotak and call it Green bank. Stock will surge beating Jio bank due to renewable energy finance subsidiary.

within 5 yrs hdfc = jio of banks & after 5yrs hdfc goes bust & then jio fin buys busted hdfc from govt bailout for peanuts & after 10 yrs jio fin= hdfc

 

[Apurvsahilz]

HDFC will merge with ICICI by giving ICICI 67 shares for every 100 shares held. Jio will buy this merged entity and call it Jio bank.
Adani will merge Axis and Kotak and call it Green bank. Stock will surge beating Jio bank due to renewable energy finance subsidiary.

Can we deposit old second hand solar panels in this so called green adani bank in lieu of cash?