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HDFC – HDFC Bank merger may result in Rs 48000 crore fund flows, see 14% of index weight re-adjusted

Merger of HDFC Bank with Housing Development Finance Corporation (HDFC) could turn out to be a major event for the benchmark NSE Nifty 50 index, which currently consists of both the stocks. According to analysts at ICICI Securities, the proposed merger, once in place, will likely result in an unprecedented ~14% of the Nifty 50 …

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