India’s HDFC to merge with subsidiary bank in US$60 billion deal

Spurred by heightened regulatory standards on non-banks, India’s largest bank is set to undertake a US$60 billion merger with its housing finance parent company, advised by Indian firms AZB, Argus Partners, Singhi & Co, and Wadia Ghandy & Co, along with international firm Cravath Swaine & Moore.

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