HDFC-HDFC Bank Merger Expected to Be Effective July 1

The transcript discusses the merger of HDFC and its subsidiary, HDFC Bank, highlighting its significant market capitalization and its position among the top banks globally. The merger process involves over 200 million customers and is in its final stages, with a share swap expected soon. The merged entity will trade under the HDFC Bank ticker by July 17th. This reverse merger aims to leverage the combined balance sheet for cross-selling and other benefits.

What is the expected date for the shares to swap in the merger process?

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What are some of the benefits that management expects from the merger?

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