General Announcement::Receipt of no objection letter from the Reserve Bank of India

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 05-Jul-2022 00:51:58
Status: New
Announcement Sub Title: Receipt of no objection letter from the Reserve Bank of India
Announcement Reference: SG220705OTHRDRLJ
Submitted By (Co./ Ind. Name): Dhanjit Thaivalappil
Designation: Deputy Vice President
Description (Please provide a detailed description of the event in the box below): We refer to our earlier disclosure letter dated April 4, 2022 informing the stock exchanges about the decision taken by the Board of Directors of HDFC Bank approving the proposed Scheme under Sections 230 to 232 of the Companies Act, 2013, the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and other rules and regulations framed thereunder, subject to receipt of various statutory and regulatory approvals.

In this regard, please note that HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India ( RBI ) whereby the RBI has accorded it s no objection for the Scheme, subject to certain conditions as mentioned therein.

The Scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Competition Commission of India, the National Company Law Tribunal, other applicable authorities and the respective shareholders and creditors of the companies involved in the Scheme, as may be required.
We request you to bring the above to the notice of all concerned.

Total size =148K