Acquiring Company
ICICI Bank
Acquired Company
HDFC Ltd
MumbaiMumbaiFinancial ServicesFinanceLendingBankingDescription
ICICI Bank revealed its interest in acquiring HDFC Ltd, with discussions led by then-CEO Chanda Kochhar prior to HDFC's merger with its banking arm. The merger was completed under tight confidentiality and is noted to be one of the largest in Indian financial history, valued at $40 billion. Despite regulatory pressures, the merger created a significant banking institution aimed at enhancing competitiveness in the Indian market.
Quick answer
ICICI Bank is acquiring HDFC Ltd, announced June 21, 2025. ICICI Bank is based in Mumbai, Maharashtra, India.
- How much did ICICI Bank pay for HDFC Ltd?
- The deal value was not disclosed.
- What does ICICI Bank do?
- ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services.
- Where are ICICI Bank and HDFC Ltd based?
- ICICI Bank is based in Mumbai, Maharashtra, India. HDFC Ltd is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at ICICI Bank?
- Fundz holds 1 contact at ICICI Bank. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at ICICI Bank, and when
When ICICI Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day ICICI Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ICICI Bank, from your own LinkedIn network
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Related People
Frequently asked
Who acquired HDFC Ltd?
HDFC Ltd was acquired by ICICI Bank, based in Mumbai. The deal was reported on June 21, 2025. ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services. It provides banking services to individuals and businesses. ICICI Bank is publicly traded (IBN).
When did ICICI Bank acquire HDFC Ltd?
ICICI Bank's acquisition of HDFC Ltd was reported on June 21, 2025. ICICI Bank revealed its interest in acquiring HDFC Ltd, with discussions led by then-CEO Chanda Kochhar prior to HDFC's merger with its banking arm. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HDFC Ltd do?
HDFC Ltd is a leading housing finance company in India and was established in 1977. It is dedicated to providing financial assistance for the purchase or construction of residential properties. It is privately held, operating in Financial Services, and is based in Mumbai.
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