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
29-Jul-2023 17:23:41
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG230729OTHRYVHU
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 the intimations made by erstwhile Housing Development Finance Corporation Limited ( HDFC Limited ) (since amalgamated with and into HDFC Bank Limited, with effect from July 1, 2023) informing that the Boards of Directors of HPVL, HVCL and HCAL at their respective meetings held on May 22, 2023, had inter alia decided to withdraw the scheme of amalgamation for the amalgamation of HPVL and HVCL with and into HCAL; and also informing about divestment of the entire equity stake held by erstwhile HDFC Limited in HPVL and HVCL. Further, On July 1, 2023, HCAL (which was subsidiary of erstwhile HDFC Limited) became a subsidiary of HDFC Bank Limited.

In continuation of the aforesaid letters, we wish to inform that pursuant to the necessary application that was made in this regard, the NCLT vide its order dated July 28, 2023, has allowed the application of withdrawal of the said scheme of amalgamation for the amalgamation of HPVL and HVCL with and into HCAL. A copy of the order has been uploaded on the website of NCLT and is available at https://nclt.gov.in/gen_pdf.php?filepath=/Efile_Document/ncltdoc/casedoc/2709138063252023/04/Order-Challenge/04_order-Challange_004_169054742161854490464c3b4dd390a5.pdf. A certified copy of the order is awaited.

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

Attachments

SGXHCAL29Jul2023.pdf
Total size =567K