23 Jan 17 | 16:00
HDFC Bank Ltd
Outcome of Committee Meeting |
HDFC Bank Ltd has informed BSE that subsequent to the approval accorded by the Board of Directors of the Bank, at its meeting held on May 19, 2014 and the approval of the shareholders of the Bank by way of a special resolution dated June 25, 2014, the Special Committee of the Bank has, at its meeting held on February 04, 2015, inter alia, passed resolutions for the following:
i) authorizing the opening of the QIP on February 04, 2015;
ii) approving and adopting the preliminary placement document dated February 04, 2015 in connection with the QIP, (the "Preliminary Placement Document");
iii) authorizing the opening of the ADR Offering on February 04, 2015; and
iv) approving the preliminary prospectus supplement dated February 04, 2015 in connection with the ADR Offering.
In relation to the QIP, the Company has filed the preliminary placement document dated February 04, 2015 with Stock Exchange on February 04, 2015.
The ‘Relevant Date’ for the purpose of the QIP, in terms of Regulation 81(c)(i) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations") is February 04, 2015 and accordingly the floor price in respect of the QIP, based on the pricing formula as prescribed under Regulation 85(1) of the SEBI Regulations is Rs. 1061.84 per Equity Share.
The ‘Relevant Date’ for the purpose of the ADR Offering, in accordance with the Depository Receipts Scheme, 2014 (the “DR Scheme”) is February 04, 2015 and accordingly the floor price in respect of the ADR Offering, based on the provisions of the DR Scheme is Rs. 1061.84 per Equity Share.
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23 Jan 17|18:16 (IST)