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 Ltd.
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
Employees166,890
Revenue 1.21T INR (2023)
DESCRIPTION

HDFC Bank is a premier private sector banks. The bank’s founding sponsor is the Housing Development Finance Corporation, India’s leading mortgage lender with an outstanding franchise among consumers in India’s financial services sector. 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, India.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Merger) 1 of 1
Country (India) 3 of 3
Year (2022) 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.

Buy -
Mergr

Product

Company

Legal