Hdfc Bank Ltd 6-K, filed Oct 22, 2024
Hdfc Bank Ltd (HDB)
About this 6-K
Hdfc Bank Ltd filed this 6-K on October 22, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For the month of October, 2024
Commission File Number 001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HDFC BANK LIMITED | ||||||
| (Registrant) | ||||||
| Date: October 21, 2024 | ||||||
| By: | /s/ Ajay Agarwal | |||||
| Name: Ajay Agarwal | ||||||
| Title: Company Secretary and Head – Group Oversight | ||||||
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.
Description
Quantum of Offer for Sale of equity shares of HDB Financial Services Limited (“HDBFS”) by HDFC Bank Limited (“Bank”), in its proposed Initial Public Offering (“IPO”)
Exhibit 99
October 21, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005s
USA
Dear Sir/ Madam,
Sub: Quantum of Offer for Sale of equity shares of HDB Financial Services Limited (“HDBFS”) by HDFC Bank Limited (“Bank”), in its proposed Initial Public Offering (“IPO”)
We wish to inform you that the Board of Directors of the Bank at its meeting held on October 19, 2024, inter alia, considered and approved the Offer for Sale (“OFS”) of such number of equity shares of face value of ₹ 10/- each of HDBFS aggregating up to ₹ 10,000 crore (Rupees Ten thousand crore only) held by the Bank (subject to any revisions to such amount as may be permissible under applicable law), in the proposed IPO, subject to applicable law, market conditions, receipt of necessary approvals/ regulatory clearances and other considerations.
Accordingly, the IPO will be for such number of equity shares of face value of ₹ 10/- each of HDBFS aggregating up to ₹ 12,500 crore (Rupees Twelve thousand Five hundred crore only) comprising of a fresh issue of such number of equity shares of face value of ₹ 10/- each of HDBFS aggregating up to ₹ 2,500 crore (Rupees Two thousand Five hundred crore only) and an OFS of such number of equity shares of face value of ₹ 10/- each of HDBFS aggregating up to ₹ 10,000 crore (Rupees Ten thousand crore only).
The price and other details of the proposed IPO will be determined in due course by the competent body. Please note that post the proposed IPO, HDBFS would continue to be a subsidiary of the Bank, in compliance with the provisions of the applicable regulations.
We request you to kindly note the above and arrange to make the necessary announcement.
This is for your information and appropriate dissemination.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Ajay Agarwal
Company Secretary and Head – Group Oversight
Encl.: a/a.