CCI approves merging HDFC, HDFC Bank, HDFC Investments and HDFC Holdings

17 Aug 2022 CW Team

The Competition Commission of India (CCI) has approved the proposed amalgamation of HDFC, a housing finance company registered with the National Housing Bank; HDFC Bank, registered with the Reserve Bank of India (RBI) as a banking company; and HDFC Investments, and HDFC Holdings, both registered with the RBI as a Systemically Important Non-Deposit Taking Non-Banking Financial Companies and engaged in the business of making investments in equity shares, preference shares, venture funds, mutual funds and other securities.

The proposed combination envisages a two-step amalgamation process:

Step one involves the amalgamation of HDFC Investments and HDFC Holdings into and with HDFC, such that HDFC will be the surviving entity. In step two will be the amalgamation of the amalgamated HDFC into HDFC Bank, such that HDFC Bank will be the surviving entity post this step.

Also read:
HDFC Bank leases office space at Mindspace REIT's park for 10 years
Signature Global plans Rs 550 cr investment in housing project

Infrastructure Urban

15 Jan 2026

German Chancellor Visits Bosch India Campus in Bengaluru

Strengthening the long-standing partnership between India and Germany, Friedrich Merz, Federal Chancellor of the Federal Republic of Germany, recently visited the Bosch campus at Adugodi, Bengaluru, during his India trip. The delegation was hosted by Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director, Bosch Limited, who showcased key innovations developed in the region.During the visit, the delegation experienced Bosch’s H2ICE demonstrator truck featuring a fully integrated powertrain and telematics system. Bosch India, in collaboration with Bosch Germany, is ad..

ICC, Maharashtra Sign MoU to Boost Industry Engagement

The Indian Chamber of Commerce (ICC) and the Government of Maharashtra recently signed a Memorandum of Understanding (MoU) to enhance cooperation and deepen engagement between Indian businesses and the State, with a focus on investment facilitation, ease of doing business and sustained industry–government dialogue.The MoU was signed by Dr P Anbalagan, IAS, Principal Secretary (Industry, Investment and Services), Government of Maharashtra, and Dr Rajeev Singh, Director General, ICC, in the presence of leading business representatives.Speaking on the occasion, Dr Anbalagan said the partnership..

Regal Rexnord Opens Unified Singapore Regional Office

Regal Rexnord recently opened a new office in Singapore, consolidating employees and capabilities from its former sites into a single, modern, region-focused location. The move brings together two existing offices and strengthens collaboration across its portfolio of brands, including CENTA, Jaure, Kollmorgen, Nicotra and Falk.By housing teams under one roof, Regal Rexnord aims to deliver a more seamless experience for customers seeking mechanical power transmission, motion control and automation solutions across Southeast Asia. The consolidated setup is designed to enhance coordination across..