PremjiInvest becomes the top investment company in India

When HDFC raised Rs 11,000 crore on Saturday, the list of marquee investors included one domestic fund: PremjiInvest, which invested Rs 1,000 crore in India’s largest mortgage lender. The other investors in HDFC were all established global heavyweight asset managers: Singapore’s GIC, which manages $359 billion globally, alternative asset firm KKR with a $153-billion corpus,…

HDFC – Centurion BoP merger to create 3rd biggest bank

If HDFC bank and Centurion bank of Punjab merge then, it will be one of the biggest mergers India Inc has ever seen. The merged entity will be the third largest bank in India with a total asset size of over Rs 2 lakh crore, but still way behind its private sector rival ICICI Bank….