HDFC Merger Impact on Shareholder Wealth and Efficiency

This study looks at how mergers and acquisitions (M&As) affect the wealth of shareholders in India. Mergers and acquisitions (M&As) are noteworthy business transactions that can have a substantial impact on the target and acquiring banks as well as their investors. Using a sample of Indian banks that have engaged in M&A transactions over a given time span, the research applies event study techniques to examine stock market reactions surrounding M&A announcements.