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
17-Jan-2023 19:37:58
Status
New
Announcement Sub Title
Proposed composite scheme of amalgamation
Announcement Reference
SG230117OTHR3UE5
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 4, 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 ( Companies Act ), 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 and the Competition Commission of India.

In this connection, we wish to inform you that we have been informed that Financial Services Commission, Mauritius has granted its approval for the proposed transfer of shares of Griha Investments, a wholly-owned subsidiary of HDFC Holdings Limited and a foreign step-down subsidiary of HDFC Limited, from HDFC Holdings Limited to HDFC Bank as a result of the Proposed Amalgamation.

The Scheme remains subject to certain statutory and regulatory approvals, as may be required.
We request you to bring the above to the notice of all concerned.

Attachments

SGX_Mauritiusapproval_17jan_2023.pdf
Total size =503K