General Announcement::Relaxation for listing of warrants

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
22-Jun-2023 00:36:57
Status
New
Announcement Sub Title
Relaxation for listing of warrants
Announcement Reference
SG230622OTHR33Y1
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 our letter dated April 04, 2022 informing about the decision taken by the Board of Directors of HDFC Bank approving the Scheme under Sections 230 to 232 of the Companies Act, 2013, and rules and regulations thereunder, subject to receipt of various statutory and regulatory approvals.

In relation to the outstanding listed warrants that have been issued by HDFC Limited and which will continue in the name of HDFC Bank on the effective date of the Scheme ("Effective Date ), HDFC Bank had, in relation to the proposed listing of warrants in the name of HDFC Bank, made an application to Securities and Exchange Board of India ( SEBI ) through the stock exchange under Rule 19(7) of SCRR for relaxation of strict enforcement of Rule 19(2)(b) of the SCRR.

In this regard, we would like to inform you that BSE Limited ( BSE ) and National Stock Exchange of India Limited ( NSE ) , vide their letters dated June 21, 2023, has informed HDFC Bank that SEBI vide its letter dated June 21, 2023 has granted relaxation from applicability of Rule 19(2)(b) of the SCRR, subject to certain conditions mentioned therein.

Subsequent to the Effective Date and post the listing of the warrants in the name of HDFC Bank, the warrants will continue to be traded, from the trading date in relation to such listing, under the name of HDFC Bank and the warrant holders shall be entitled to exchange warrants for equity shares of HDFC Bank on the basis of share exchange ratio as per the Scheme, till August 10, 2023.

We request you to bring the above to the notice of all concerned.

Attachments

SGXSchemeupdateWarrants21jun2023.pdf
Total size =604K