HDFC Bank Stock to Be in Focus After Mehta Family’s FIR Against CEO over Lilavati Trust Allegations
HDFC Bank shares will be in focus of stock exchange financiers on Monday, 9 June 2025, after the Mehta family submitted an FIR against CEO Sashidhar Jagdishan on Sunday. Shares closed greater after Friday’s stock exchange session.
HDFC Bank shares are set to remain in focus of stock exchange investors on Monday, 9 June 2025, after the Mehta family filed an FIR (Very First Details Report) versus the Managing Director and President (CEO) Sashidhar Jagdishan on Sunday. The institutional lender called the FIR action ‘unwarranted and harmful’ and said that the senior authorities are currently being targeted by ‘unethical persons’ who aim to abuse the legal procedure of recovering long outstanding loans from a defaulter named Splendour Gems Ltd. ‘Having tired all legal avenues without success, these people have now resorted to introducing individual attacks against HDFC Bank and its MD & CEO in a clear attempt to malign their reputation and intimidate HDFC Bank into halting its healing actions,’ said the bank in the main declaration. This FIR comes regardless of the Financial obligation Healing Tribunal order from 2004, which gave HDFC Bank the ‘healing certificate’ for the outstanding charges, which remain ‘substantially unsettled’ by the defaulter. The Mehta family-owned Splendour Gems defaulted on its loans in 2001.
Lilavati Trust Allegations
Lilavati Kirtilal Mehta Medical Trust is likewise owned and controlled by the Mehta household, which was seeking the HDFC Bank CEO’s suspension and legal prosecution over declared participation in financial fraud and fund corruption associated with the trust. According to Mint’s earlier report, the Lilavati Trust has also accused eight individuals, consisting of former teller, of monetary fraud and misappropriation of the trust’s funds. The bank plans to pursue legal approaches to recover public funds and will attend to the retaliatory actions taken by the Mehta household.
HDFC Bank Share Rate
HDFC Bank shares closed 1.42 percent higher at 1,978.70 after Friday’s stock market session, compared to 1,950.90 at the previous market close. The company disclosed the FIR filing on Sunday evening, 8 June 2025. The shares of the biggest private bank in India have provided stock exchange investors more than 100 percent return on their investment in the last five years and 26.69 percent gains in the last one-year duration. On a year-to-date (YTD) basis, the shares have gained 10.95 percent in 2025 and are trading 3.39 percent higher in the last five trading sessions. HDFC shares hit their 52-week high levels at 1,996.30 on Friday, 6 June 2025, while the 52-week low level was at 1,546.85 on 6 June 2024, exactly one year ago. The institutional loan provider’s market capitalization (M-Cap) stands at over 15.15 lakh crore since the market close on Friday, 6 June 2025.
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