General Announcement::Quantum of Offer for Sale of equity shares of HDB Financial Services Limited

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-Oct-2024 21:42:55
Status
New
Announcement Sub Title
Quantum of Offer for Sale of equity shares of HDB Financial Services Limited
Announcement Reference
SG241021OTHRIXXL
Submitted By (Co./ Ind. Name)
Dhanjit Thaivallapil
Designation
Deputy Vice Prseident
Description (Please provide a detailed description of the event in the box below)
we wish to inform you that the Board of Directors of the Bank at its meeting held today i.e. on October 19, 2024, inter alia, considered and approved the Offer for Sale ( OFS ) of such number of equity shares of face value of 10/- each of HDBFS aggregating up to 10,000 crore (Rupees Ten thousand crore only) held by the Bank (subject to any revisions to such amount as may be permissible under applicable law), in the proposed IPO, subject to applicable law, market conditions, receipt of necessary approvals/ regulatory clearances and other considerations.

Accordingly, the IPO will be for such number of equity shares of face value of 10/- each of HDBFS aggregating up to 12,500 crore (Rupees Twelve thousand Five hundred crore only) comprising of a fresh issue of such number of equity shares of face value of 10/- each of HDBFS aggregating up to 2,500 crore (Rupees Two thousand Five hundred crore only) and an OFS of such number of equity shares of face value of 10/- each of HDBFS aggregating up to 10,000 crore (Rupees Ten thousand crore only).

The price and other details of the proposed IPO will be determined in due course by the competent body. Please note that post the proposed IPO, HDBFS would continue to be a subsidiary of the Bank, in compliance with the provisions of the applicable regulations.

We request you to kindly note the above and arrange to make the necessary announcement.

Attachments

SGX-21.10.2024.pdf
Total size =655K