Shares of HDFC Bank, following a merger with HDFC Ltd, opened at Rs 1,655 apiece, up 1.34 per cent, on Thursday, which is the first day of trading of the combined entity.
The new entity will have a market capitalisation of around Rs 12.2 lakh crore post the issuance of shares of HDFC Bank to holders of HDFC Ltd, making it the second-largest company in terms of market capitalisation after Reliance Industries Limited (RIL), whose current valuation is Rs 18.81 lakh crore, market analysts said.
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