Question
Following a reverse merger deal and the listing of new
shares issued to shareholders of HDFC Ltd, which position has HDFC Bank secured among the global top 10 banks in terms of market capitalization?Solution
After a reverse merger deal and the listing of new shares issued to shareholders of HDFC Ltd, HDFC Bank has achieved the 7th position among the global top 10 banks in terms of market capitalization. This milestone marks India's largest private sector lender as one of the top financial institutions in the world by market value.
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60% of 3840 +? + 30% of 4380 = 40% of 8340 + 10% of 3480
