General Announcement::Disclosure

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 21-Dec-2024 00:22:38
Status: New
Announcement Sub Title: Disclosure
Announcement Reference: SG241221OTHRZGGQ
Submitted By (Co./ Ind. Name): HDFC BANK
Designation: Vice President
Effective Date and Time of the event: 20/12/2024 17:00:00
Description (Please provide a detailed description of the event in the box below): We refer to our earlier intimations dated March 30, 2024, July 20, 2024, October 7, 2024 and October 18, 2024 in relation to the sale of 100% stake held by HDFC Bank Limited ( the Bank ) in HDFC Edu. The Bank, vide the intimation dated October 18, 2024, had informed regarding completion of sale of 18,20,00,000 equity shares of face value of Rs. 10 each of HDFC Edu, corresponding to 91% of the paid-up share capital of HDFC Edu to Vama Sundari Investments (Delhi) Pvt. Ltd., ( Vama Sundari ). It was also mentioned that the remaining 9% stake would be divested no later than June 30, 2025.

In connection with the above, we now wish to inform you that the Bank has today i.e., on December 20, 2024 completed the sale of balance 1,80,00,000 equity shares of face value of Rs. 10 each of HDFC Edu, corresponding to 9% of the paid-up share capital of HDFC Edu to Vama Sundari, for an aggregate consideration of Rs. 17.28 crore.

You are requested to take note of the above and arrange to bring this to the notice of all concerned.

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