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
24-Apr-2023 20:00:35
Status
New
Announcement Sub Title
Proposed composite scheme of amalgamation
Announcement Reference
SG230424OTHRYXO8
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 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, 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 Monetary Authority of Singapore (MAS) vide its e-mail dated April 24, 2023 to Griha Pte, has granted its approval for acquisition of shares in Griha Pte. by HDFC Bank (by reason of the Proposed Amalgamation), which would result in HDFC Bank (i) acquiring or holding, directly or indirectly, 20% or more of the issued share capital of Griha Pte.; or (ii) controlling, directly or indirectly, 20% or more of Griha Pte.

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

SGXGrihaMASapproval24Apr2023.pdf
Total size =504K