HDFC Bank : Clarification submitted to stock exchanges
10/14/2020 | 03:59pm EST
HDFC Bank Limited,
Opp. Race Course Gate no. 5 & 6,
Keshavrao Khadye Marg,
Mahalaxmi, Mumbai- 400034
Tel.: 022 - 3976 0001 / 0012
September 21, 2020
National Stock Exchange of India Limited
Dept of Corporate Services
The Listing Department
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Bandra Kurla Complex,
Mumbai 400 001
Mumbai 400 051
Scrip Code : 500180
Scrip Symbol : HDFCBANK
This refers to the various media reports related to filing of class action claims by certain US law firm(s) against the Bank.
In this regard, we wish to inform you that the Bank is aware of a complaint that was recently filed against the Bank and its three employees in the United States. The lawsuit, which was filed by a single small security holder who seeks to represent a class of the Bank's security holders, is based on allegations that the security holder claims caused a temporary decline in the Bank's ADR stock price in July 2020. The Bank denies the allegations and intends to defend itself vigorously in the lawsuit. The Bank expects its response to the lawsuit to be due in early 2021.
Since the lawsuit is at a premature stage, there is no matter at this point of time which requires disclosure as per Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
We trust this clarifies.
For HDFC Bank Limited
Sr. Vice President- Legal & Company Secretary
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013
HDFC Bank Limited published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2020 19:59:00 UTC