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M&A Deal Summary

HDFC Bank Acquires HDFC

On April 4, 2022, HDFC Bank acquired financial services company HDFC

Acquisition Highlights
  • This is HDFC Bank’s 3rd transaction in the Financial Services sector.
  • This is HDFC Bank’s 3rd transaction in India.

M&A Deal Summary
Date 2022-04-04
Target HDFC
Sector Financial Services
Buyer(s) HDFC Bank
Deal Type Merger
Advisor(s) Jefferies
JM Financial
Singhi Advisors (Financial)
AZB & Partners
Argus Partners (Legal)

Target

HDFC

Mumbai, India
HDFC provides long-term finance to households with the primary objective of meeting a social need of encouraging home ownership. HDFC was founded in 1977 and is based in Mumbai, India.

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Buyer(S) 1

Buyer

HDFC Bank

Mumbai, India
Category Company
Founded 1994
Sector Financial Services
Employees220,339
Revenue 2.37T INR (2025)
DESCRIPTION

HDFC Bank is a private sector banks. HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. HDFC Bank was founded in 1994 and is based in Mumbai, Maharashtra.

DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 3 of 3
Type: Merger M&A Deals 1 of 1
Country: India M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-23 Centurion Bank of Punjab

Mumbai, India

Centurion Bank of Punjab Ltd. which primarily focused on retail, SMEs and agriculture, had a nationwide retail distribution reach with 240 branches and 386 ATMs.

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