Hdfc Bank Ltd 6-K, filed Mar 22, 2024
Hdfc Bank Ltd (HDB)
About this 6-K
Hdfc Bank Ltd filed this 6-K on March 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 March, 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: March 21, 2024 | By: | /s/ Santosh Haldankar | ||||
| Name: Santosh Haldankar | ||||||
| Title: Company Secretary | ||||||
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
Intimation
Exhibit 99
March 21, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir,
Sub: Intimation
We refer to: (i) the scheme of amalgamation (“Scheme”) for the amalgamation of: (a) HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of Housing Development Finance Corporation Limited (“HDFC Limited”) with and into HDFC Limited; and (b) HDFC Limited with and into HDFC Bank Limited (“HDFC Bank”); (ii) our disclosure dated June 19, 2023, wherein we had informed that pursuant to the Reserve Bank of India (“RBI”) letter dated April 20, 2023 advising Bank to bring down its shareholding in HDFC Credila Financial Services Limited (“HDFC Credila”) (a wholly owned subsidiary of HDFC Limited, now HDFC Bank) to 10% within two years from the effective date of the Scheme. HDFC Limited (since amalgamated with and into HDFC Bank) and HDFC Bank (being the successor entity of HDFC Limited) had executed definitive documents for sale of approximately 90% of HDFC Credila’s total issued and paid-up share capital as on date, to (a) Kopvoorn B.V., (b) Moss Investments Limited, (c) Defati Investments Holding B.V., and (d) Infinity Partners ((a),(b),(c) and (d) are hereinafter collectively referred as “Acquirers” and the transaction is hereinafter referred as the “Transaction”), subject to regulatory approvals and dispensations (including the RBI and the Competition Commission of India); (iii) our disclosure dated June 27, 2023, wherein RBI had relaxed the restriction on onboarding new customers by HDFC Credila subject to the condition that the application for change in shareholding of HDFC Credila as an NBFC be made to RBI before July 31, 2023 and that the shareholding of HDFC Bank in HDFC Credila be brought down to 10% on or before March 31, 2024 (iv) our disclosure dated August 9, 2023, wherein we had informed that the Competition Commission of India had granted its approval for the Transaction at its meeting held on August 8, 2023; (v) our disclosure dated February 23, 2024, wherein we had informed that RBI had granted its approval for the Transaction vide letter communication dated February 23, 2024 to HDFC Credila (“RBI Approval”); (vi) our disclosure dated February 25, 2024, wherein we had informed that the public notice pursuant to Paragraph 42.3 of the Master Directions- Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 and the RBI Approval has been issued by HDFC Bank in Financial Express (all editions) and Navshakti; and (vii) our disclosure dated March 19, 2024, wherein we had informed that as of March 19, 2024, HDFC Bank has sold 14,01,72,180 equity shares of HDFC Credila to the Acquirers.
In continuation of the same, we wish to further inform you that on March 20, 2024, HDFC Credila has also allotted 1,91,28,540 equity shares on preferential basis to the Acquirers upon receipt of the subscription amount of approximately Rs. 1303,61,00,010.00 (Rupees One thousand three hundred three crores sixty-one lakh and ten only). Accordingly, as on date, HDFC Bank holds 17,899,005 equity shares, aggregating to 9.99% of total issued and paid-up share capital of HDFC Credila, which is in compliance with the conditions as stipulated by the RBI in its letters dated April 20, 2023 read with the letter dated June 27, 2023.
We request you to bring the above to the notice of all concerned.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary