General Announcement::disclosure

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
19-Jul-2023 14:35:27
Status
New
Announcement Sub Title
disclosure
Announcement Reference
SG230719OTHR11ZH
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 has reference to an intimation made by erstwhile Housing Development Finance Corporation Limited ( HDFC Limited ) inter alia informing that HDFC Capital Advisors Limited ( HCAL ) entered into a Share Subscription Agreement for acquisition of 914 Compulsorily Convertible Preference Shares ( CCPS ) of Cognilements Private Limited ("Relata") which post allotment, would entitle HCAL to hold approximately 4% to 7% of the share capital of Relata on a fully diluted basis.

HDFC Limited had also informed that the acquisition of shares was expected to be completed by June 30, 2023.

As you are aware, upon the amalgamation of HDFC Limited with and into the Bank becoming effective on
July 1, 2023, HDFC Limited has been dissolved without being wound up and as part of the amalgamation, HCAL has become a subsidiary of the Bank with effect from the said date.

In this connection, we wish to inform you that due to delay in completion of certain 'conditions precedent' mentioned in the Share Subscription Agreement by Relata, HCAL could conclude the acquisition of 914 CCPS of Relata representing 4% to 7% of the share capital of Relata on a fully diluted basis, for an aggregate consideration of approx. Rs. 2 crore, only on July 17, 2023.

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

Attachments

SGXReleta18Jul2023.pdf
Total size =499K