Merger

Ahead of the HDFC Bank-HDFC merger, HDFC Chairman Deepak Parekh, on June 30, formally announced his retirement. In his last message to the shareholders, he exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group. “The HDFC experience is invaluable. Our history cannot be erased and our legacy will be taken forward," said Parekh.

Tata Steel's seven-member board has approved the amalgamation of seven subsidiaries with itself, confirmed the company in a regulatory filed on September 23. Although the nod was received on September 22, the notification was released the next day. The seven companies merging are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining, and S and T Mining Company.

HDFC Bank and HDFC Ltd, separate entities, announced a merger on April 4. Although the talks of the deal were underway, the final announcement was made during an event in Mumbai. A senior official close to the development said, "The evaluation had been going on but it moved over the last couple of weeks and got finalized". Moreover, this merger is the biggest deal in the Financial Sector.

Bengaluru-based EduTech platform Byju's on April 5 revealed that the company, through a merger, has acquired Aakash Educational Services Limited. Planning to invest further in Aakash, Byju’s will allow the services of Aakash to be independently operated by founders JC Chaudhary and Aakash Chaudhary. BYJU’s founder Byju Raveendran said the new hybrid system will create impactful experiences for students with the help of over 200 brick-and-… read-more

Maharashtra CM Uddhav Thackeray declared on January 17 that his government aims to consolidate Karnataka's Marathi majority areas. He said the merger would be a "true tribute" to the martyrs. Maharashtra has claimed to annex Belgaum, Karwar, and Nippani that were a part of the then Bombay presidency. Reportedly, the day has been commemorated by Maharashtra Ekikaran Samiti in memoriam of those who surrendered their lives for the cause.