Monday, February 25, 2008

CBoP-HDFC merger swap ratio

The swap ration for CBop and HDFC merger has been decided as 1:29. So CBoP share holders will get 1 share of HDFC for 29 shares of CBoP. This has been decided by the management but the actual allotment date has not been finalized.

The trade in CBoP has not been suspended and so people can still buy the shares or sell. HDFC bank is trading at Rs 1422 and CBoP has fallen by 10% to 50.60 after this news. At 50.60 also, 29 CBoP will cost Rs 1458 hence we may see more fall in CBoP shares.

HDFC bank is a good buy and the merger will allow bank to have more reach and more branches. This may benefit the bank in long run after the merger. So share holders may remain invested.

at 11:33 AM

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