Time right for HDFC to find new home: Deepak Parekh to shareholders

HDFC Ltd's Chairman Deepak Parekh, in a letter to its shareholders on Tuesday, said he is expecting a fair and judicious response by the central bank on the proposed HDFC-HDFC Bank merger. The board of directors of HDFC and HDFC Bank on April 4 had approved the plan for an all-stock deal merger, for which the regulatory approval is expected within 15-18 months. 

Here's the full text of HDFC chairman's letter to shareholders:

There are two dates which are perhaps of most significance for HDFC. First, is October 17, 1977. This date marked the fulfilment of a dream to