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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HDFC Bank Limited    HDFCBANK   INE040A01034


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HDFC Bank : Disclosure under Reg. 30 of SEBI LODR

11/23/2020 | 03:09am EST

CIN: L65920MH1994PLC080618

HDFC Bank Limited,

Email: shareholder.grievances@hdfcbank.com

Zenith House,

Website: www.hdfcbank.com

Opp Race Course Gate no. 5 & 6,

Keshavrao Khadye Marg,

Mahalaxmi, Mumbai- 400034

Tel.: 022-39760001 / 0012

November 20, 2020

BSE Limited

The 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

Mumbai 400 051

Scrip Code - 500180


Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Dear Sir/Madam,

We wish to inform you that HDFC Bank Limited (the "Bank") has become one of the initial subscribers to the Memorandum and Articles of Association of IBBIC Private Limited (IBBIC) on November 20, 2020.

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to provide the following disclosures with respect to the above:


Name of the target entity,

IBBIC Private Limited ("IBBIC").

details in brief as size, turnover


The said company name is subject to approval of

Registrar of Companies, Mumbai.


Whether the acquisition would

This transaction does not constitute a related

fall within related party

party transaction.

transaction(s) and whether the

promoter/ promoter group/

As on date, the Bank's Promoters do not have

group companies have any

any interest in IBBIC.

interest in the entity being

acquired? If yes, nature of

The Bank and its subsidiaries in the normal

interest and details thereof and

course of business may have business dealings

whether the same is done at

with IBBIC at an arm's length.

"arm's length"


industry to which the entity

IBBIC is proposed to be incorporated as a

being acquired belongs

financial technology company with the objective

of providing a platform for exploring, building

and implementing Distributed Ledger

Technology ("DLT") solutions for the financial

services sector.


objects and effects of

Equity ownership of an entity aiming to provide

acquisition (including but not

DLT solutions for the financial services sector.

limited to, disclosure of

reasons for acquisition of

target entity, if its business is

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

outside the main line of

business of the listed entity)


Brief details of any

Since the acquisition of shareholding is below

governmental or regulatory

10%, regulatory approval is not required.

approvals required for the



Indicative time period for

By the end of December 2020.

completion of the acquisition


Nature of consideration -

Cash consideration of Rs. 500,000 (Rupees Five

whether cash consideration or

lakhs only).

share swap and details of the



Cost of acquisition or the price

Rs. 10 per equity share of IBBIC.

at which the shares are



Percentage of shareholding /

Post investment, Bank will hold 6.67% of the

control acquired and / or

equity shareholding of IBBIC, by way of

number of shares acquired

subscription to 50,000 equity shares of face value

of Rs. 10 each.


Brief background about the

Date of Incorporation: application for company

entity acquired in terms of

registration of IBBIC will be submitted to

products/line of business

Registrar of Companies, Mumbai by the end of

acquired, date of incorporation,

November 2020.

history of last 3 years turnover,

country in which the acquired

IBBIC is proposed to provide a platform for

entity has presence and any

exploring, building and implementing DLT

other significant information

solutions for the financial services sector.

(in brief)

History of last 3 years turnover: Not Applicable.

Country of presence: India.

This is for your information and appropriate dissemination.

Thanking you,

Yours faithfully,

For HDFC Bank Ltd

Santosh Haldankar

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 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 08:08:02 UTC

© Publicnow 2020
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Sales 2021 896 B 12 245 M 12 245 M
Net income 2021 304 B 4 156 M 4 156 M
Net Debt 2021 - - -
P/E ratio 2021 27,1x
Yield 2021 0,60%
Capitalization 8 283 B 113 B 113 B
Capi. / Sales 2021 9,24x
Capi. / Sales 2022 8,12x
Nbr of Employees 116 971
Free-Float 78,3%
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Sashidhar Jagdishan Chief Executive Officer & Managing Director
Srinivasan Vaidyanathan Chief Financial Officer
Ramesh Lakshminarayanan Chief Information Officer
Kaizad M. Bharucha Executive Director
Umesh Chandra Sarangi Independent Director
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