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Ajay Giridharilal Agarwal: Inter Alia

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17 views1 page

Ajay Giridharilal Agarwal: Inter Alia

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The Viper
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CIN: L65920MH1994PLC080618 HDFC Bank Limited,

Email: [email protected] HDFC House,


Website: www.hdfcbank.com H.T. Parekh Marg 165-166, Backbay
Reclamation, Churchgate,
Mumbai- 400020 Tel.:022-66316000

Ref. No. SE/2024-25/77

October 19, 2024

BSE Limited National Stock Exchange of India Limited


Dept of Corporate Services, The Listing Department,
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort, Bandra-Kurla Complex,
Mumbai 400 001 Bandra (East),
Scrip Code: 500180 Mumbai 400 051
Scrip Symbol: HDFCBANK

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”)

Re: 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 refer to our earlier intimations dated July 20, 2024 and September 20, 2024, in relation to the proposed
IPO of equity shares of HDBFS, a subsidiary of the Bank.

In this connection, we wish to inform you that the Board of Directors of the Bank at its meeting held today
i.e. 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.

Yours faithfully,
For HDFC Bank Limited
AJAY GIRIDHARILAL Digitally signed by AJAY
GIRIDHARILAL AGARWAL
AGARWAL Date: 2024.10.19 17:39:56 +05'30'

Ajay Agarwal
Company Secretary and Head – Group Oversight

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013

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