General Announcement::Updateonsaleof100%equitysharesheldbyHDFCBankLtd.inHDFCEducationandDevelopmentServicesPvt.Ltd.

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 22-Jul-2024 22:59:50
Status: New
Announcement Sub Title: Updateonsaleof100%equitysharesheldbyHDFCBankLtd.inHDFCEducationandDevelopmentServicesPvt.Ltd.
Announcement Reference: SG240722OTHRV9IE
Submitted By (Co./ Ind. Name): HDFC Bank Limited
Designation: Deputy Vice President
Effective Date and Time of the event: 22/07/2024 17:00:00
Description (Please provide a detailed description of the event in the box below): This is in connection with our earlier intimation dated March 30, 2024, wherein we had informed that HDFC Bank has decided to undertake the sale of its 100% stake in HDFC Edu using the Swiss challenge process and has entered into a binding term sheet with an interested party (the Binding Termsheet ).

We wish to inform that the said Binding Termsheet has expired and HDFC Bank has decided not to extend the validity of the Binding Termsheet. HDFC Bank proposes to continue the process which has been initiated for the sale of its 100% stake in HDFC Edu with the other interested parties who are presently in the process.

You are requested to take note of the above.

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