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Domestic equity mutual fund managers in India have reportedly purchased a net $570m worth of HDFC shares ahead of its merger with parent company Housing Development Finance Corp. in a "lucrative" arbitrage trade, according to Prime Database. Capitalising on the share-swap ratio upon completion, fund managers hope the merger will enable them to purchase shares at a discount to HDFC Bank’s current price. The merger is effective from 1 July, with HDFC Bank absorbing the parent company. HDFC shares rose by around 2.3% on 9 June.

Private equity dealmaking has declined to four-year lows as firms contend with high interest rates and recession scares. According to Dealogic, private equity deal volumes have fallen 63% from last year to $293.5bn. Private equity investors are increasingly shunning businesses with unpredictable cash flows and pursuing fewer deals, amid rising borrowing costs and the interminable trade conflict. The difficult market for initial public offerings has also contributed to the slowdown, making it harder for private equity firms to exit investments. However, some believe that the industry could soon rebound thanks to a backlog of stored-up funding.

“The SGX Nifty is going to be renamed as GIFT Nifty. Effectively the offshore contract which international investors access is traded in US dollars. It is now going to be available on the listed exchange in the NSC International Exchange. Whatever was available offshore, where we lost control over our pricing, now is moving into our own jurisdiction.”

The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 2002.5.

Promoters held 23.5 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 49.78 per cent and 6.04 per cent, respectively.

"The Board recommended stock split of existing 1 equity share of face value of Rs 10 each fully paid up into 2 equity shares of Rs 5 each fully paid up," the company said in a filing.

A total of 3,089 shares changed hands on the counter till 02:09PM (IST)

Well, so I think Adani saga certainly did not help but I do not think that is really the core issue. The core issue is the same thing that has been the core issue for India for a long time which is if you are looking for direct investment, it is about infrastructure, it is about land acquisition, it is about labour practices, it is about education productivity. So things like that.

​​July 12 would be the last trading day for HDFC stock as it will get delisted on July 13, HDFC announced today.

Investors must link their PAN with their Aadhaar card by June 30th, 2021, to trade in the Indian securities market, says Sebi. According to a CBDT circular, PANs not linked to Aadhaar by March 2023 would be inoperative under the 1961 Act, leading to all the consequences of not furnishing a PAN.