General Announcement::Proposed composite scheme of amalgamation

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFCBANK INR23B 8.1%N250322 - XS1794215696 - 8NPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Apr-2023 22:55:38
Status
New
Announcement Sub Title
Proposed composite scheme of amalgamation
Announcement Reference
SG230421OTHRFCKW
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Deputy Vice President
Description (Please provide a detailed description of the event in the box below)
This is in connection with the decision taken by the board of directors of HDFC Bank approving the 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.
We also refer to our earlier letters, wherein we had informed you about receipt of no-objection/ approval letters including from stock exchanges, Reserve Bank of India, Securities and Exchange Board of India, Pension Fund Regulatory and Development Authority, Competition Commission of India and Hon ble National Company Law Tribunal, Mumbai bench..
In this connection, we understand that SEBI vide its letter dated April 21, 2023 to HDFC Asset Management Company Limited ( HDFC AMC ), a subsidiary of HDFC Limited and the asset management company of HDFC Mutual Fund ( HDFC MF ), has granted its approval for the proposed change in control of HDFC AMC.
SEBI has also advised HDFC AMC to ensure compliance with all other provisions of SEBI (Mutual Funds) Regulations, 1996, and circulars issued thereunder.
The Proposed Amalgamation is subject to receipt inter alia of final approvals from SEBI in respect of change in control of certain subsidiaries of HDFC Limited.
We request you to bring the above to the notice of all concerned.

Attachments

SGXSchemeupdateHDFCAMC 21Apr2023.pdf
Total size =503K