General Announcement::Disclosure

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 26-Aug-2022 21:54:57
Status: New
Announcement Sub Title: Disclosure
Announcement Reference: SG220826OTHRFCXK
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 to inform you that HDFC Bank Limited ( HDFC Bank ) on August 24, 2022 has entered into an indicative and non-binding term sheet with Go Digit Life Insurance Limited ( Company ) which summarizes the principal terms of a proposed investment, by HDFC Bank in the Company, of an amount between INR 49.9 crores to INR 69.9 crores, in two tranches, by subscribing to equity shares of the Company, for an equity stake of upto 9.944% of the paid up equity share capital of the Company, subject to execution of definitive agreements whose terms and conditions are to be mutually agreed upon, and fulfilment of other terms and conditions. The Company proposes to carry out life insurance business in India, subject to grant of certificate of registration by Insurance Regulatory and Development Authority of India.
Complete details as per Regulation 30 of the SEBI Listing Regulations and SEBI Circular bearing reference no. CIR/CFD/CMD/4/2015 dated September 09, 2015 will be provided on signing of the definitive agreements.
This is for your information and appropriate dissemination.

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