July 12 has been set as the date for the transfer of non-convertible debentures (NCDs) of HDFC in the name of HDFC Bank. While commercial papers of HDFC will be transfered to HDFC Bank from July 7. ​HDFC Bank will issue and allot eligible shareholders 42 new equity shares for every 25 equity shares held by shareholders of HDFC Ltd as on July 13.