HDFC Bank Share Price

in #hdfcbanklast year

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The shares of HDFC Bank and Housing Development Finance Corporation Ltd plunged up to 6% due to reports suggesting that the merged HDFC entity could see $150-200 million in outflows as the index aggregator MSCI said it will use an adjustment factor of 0.50 to compute the HDFC merged company weightage. This led to the market capitalization of the two companies falling Rs 63,870 crore within the first few minutes of trade. While HDFC is part of a global index with a weight of 6.74%, HDFC Bank is not part of the index, but it was expected that the merged entity would be a part of this index.
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