We wish to inform you that pursuant to the approval granted by the shareholders of the Corporation, the Committee of Directors of the Corporation has today, approved subscription to 3,90,96,817 equity shares of Rs. 2 each of HDFC Bank at a price of Rs.2,174.09 per equity share (inclusive of a share premium of Rs.2,172.09 per equity share), based on the preferential offer made by HDFC Bank vide offer letter dated July 17, 2018.
Accordingly, the Corporation has subscribed to and been allotted the said shares.
We further wish to inform you that post allotment, the Corporation jointly with its wholly owned subsidiaries, i.e. HDFC Investments Limited and HDFC Holdings Limited, holds 58,23,12,917 equity shares aggregating 22.03% of the post-issue paid-up capital of HDFC Bank