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HDFC Bank Stock Surges: Why This Could Be Just the Beginning

·2-min read
HDFC Bank Stock Surges: Why This Could Be Just the Beginning

Today's one of those rare days when the stock of HDFC Bank (NYSE: HDB) made a big move, and rightfully so. HDFC Bank wants to merge with its parent, HDFC (which is listed in India), in an all-stock deal, after which HDFC will become a subsidiary of the bank. This is a potential merger between the largest private bank and the largest housing-finance company (HDFC) in the world's second most-populous country.