Whats the rationale for the merger of HDFC Ltd and HDFC Bank? | In Focus
b'Mortgage lender HDFC Ltd is all set to merge with HDFC Bank. Under the terms of the deal, which is one of the biggest in the Indian financial sector, HDFC Bank will be 100% owned by public shareholders, while existing shareholders of HDFC Ltd will own 41% stake in HDFC Bank. The news immediately led to a sharp spike in the share prices of both the companies.\\nSo, what exactly is the financial rationale for this merger? How do either of these companies benefit from this deal? Given that this is a merger between two different kinds of companies \\u2013 one is a retail bank and the other is a Non-Banking Financial Company \\u2013 what are the implications for shareholders, employees and customers?\\nGuest: Suresh Seshadri, Business Editor,\\xa0The Hindu\\nHost: G. Sampath, Social Affairs Editor,\\xa0The Hindu'