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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [25] [26] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
Koufu (Chinese: 口福) is a Singaporean food and beverage company operating a chain of food courts, coffee shops and casual eateries. [2] Founded in 2002, the company currently operates 180 outlets of coffee shops and food courts and 12 brands in Singapore and one food court in Macau.
To cater to Non-Resident Indians, HDFC has offices in London, Singapore and Dubai [13] and service associates in Middle Eastern countries. [9] The first overseas office was opened in Dubai in 1996 and in the 2000's was expanded to London and Singapore. [13] In addition, HDFC covers over 90 locations through its outreach programmes.
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Pacific Coffee (formerly known as Pacific Coffee Company; abbv. "PCC") is a coffee house chain from Hong Kong, with outlets in China, Singapore and Malaysia. The group is owned by computer distributor Chevalier Pacific, formerly Chevalier iTech. It acquired the chain from founder Thomas Neir for HK$205 million in 2005. [1]
The chain was founded in Holland Village in 1991 as a 2-storey establishment and has since expanded to 23 outlets in Singapore, 6 in Malaysia and 4 in Indonesia. [1] O' Coffee Club serves hot and cold drinks, including coffees, teas, iced teas, juices, smoothies and milkshakes.
At the time of its acquisition, Times Bank had 541 employees, 35 branches and 34 ATMs, whereas HDFC Bank had 827 employees, 57 branches and 77 ATMs. [8] [9] Moreover, many of the employees at the Times Bank were former employees of the State Bank of India. [10] The acquisition of Times Bank by HDFC Bank was a major profit booster for The Times ...