Maybe a basic question, but can the share swap ratio of 42 HDFCBANK for 25 HDFC be changed closer to the merger date?
Right now, there is some difference in the market price of HDFCBANK and what HDFC converts to (around 40-50 rupees discount on HDFCBANK) based on the ratio. So, if I am ready to take the risk of merger not going through and any difference in dividends, it would make sense to sell any HDFCBANK which were bought > 1 year ago and buy HDFC in lieu of them?
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