Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
25 Janvier 2024 - 12:02PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For the month of January, 2024
Commission File Number 001-15216
HDFC BANK LIMITED
(Translation of registrant’s name into English)
HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒ Form 40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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HDFC BANK LIMITED |
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(Registrant) |
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| Date: January 24, 2024 |
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By: |
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/s/ Santosh Haldankar |
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Name: Santosh Haldankar |
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Title: Company Secretary |
EXHIBIT INDEX
The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General
Instructions for Form 6-K.
Exhibit No. 99
Description
Sale of shares of Computer Age Management
Services Limited (“CAMS”) by HDFC Bank Limited
Exhibit 99
January 24, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir,
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Sale of shares of Computer Age Management Services Limited (“CAMS”) by HDFC Bank
Limited. |
We wish to inform you that out of 29,20,724 equity shares of Rs. 10 each held by erstwhile HDFC Ltd., in Computer Age
Management Services Limited (“CAMS”), after the effective date (July 1, 2023) of the merger of HDFC Ltd. with and into HDFC Bank Limited (the “Bank”), the Bank sold 9,86,315 shares (representing 2.01% of the share capital of
CAMS).
Accordingly, the details are provided hereunder:
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| Particulars |
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Details |
| Name of the target entity, details in brief such as size, turnover etc. |
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Computer Age Management Services Limited
For the financial year ended March 31, 2023 for CAMS:
Total income (consolidated): Rs. 998.64 crore Total assets
(consolidated): Rs. 1,097.55 crore. |
| Whether the sale would fall within related party transaction(s) and whether the promoter/
promoter group/ group companies have any interest in the entity being sold? If yes, nature of interest and details thereof and whether the same is done at “arms length” |
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Not Applicable.
Shares were sold through the secondary market route on BSE Ltd. (“BSE”) and
National Stock Exchange of India Ltd. (“NSE”). |
| Industry to which the entity being sold belongs |
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Registrar and Transfer Agent |
| Objects and effects of sale (including but not limited to, disclosure of reasons for sale
of target entity, if its business is outside the main line of business of the listed entity) |
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Divestment of 2.01% stake in
CAMS over a period between August 25, 2023 and January 23, 2024 (both days inclusive). The Bank sold 9,86,315 shares of CAMS (being 2.01% equity stake) through the secondary market route on BSE & NSE, post which the shareholding of the Bank in
CAMS currently is 3.94% Note: Equity stakes above are rounded to the nearest second
decimal |
| Brief details of any governmental or regulatory approvals required for the sale |
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Not applicable |
| Indicative time period for completion of the sale / Date of completion of sale |
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9,86,315 shares of CAMS (being 2.01% equity stake) were sold over a period between August 25, 2023 and January 23, 2024
(both days inclusive) by HDFC Bank Limited. |
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| Particulars |
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Details |
| Nature of consideration - whether cash consideration or share swap and details of the
same |
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All cash consideration of Rs 252.34 crore |
| Cost of sale/ price at which the shares are being sold |
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Sale price (average) of Rs. 2,558.43 per share for 9,86,315 shares sold over a period between August 25, 2023 and January
23, 2024 (both days inclusive) |
| Percentage of shareholding/ control divested and/ or number of shares sold |
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Percentage of shareholding
divested over a period between August 25, 2023 and January 23, 2024 (both days inclusive): 2.01%
Note: Equity stakes above are rounded to the nearest second decimal |
| Brief background about the entity sold in terms of products/line of business sold, date of
incorporation, history of last 3 years turnover, country in which the entity being sold has presence and any other significant information (in brief) |
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CAMS is a technology driven
financial infrastructure and services provider to mutual funds and other financial institutions. As the registrar and transfer agency to the Indian mutual fund industry, CAMS serves ~69% of the average assets under management – as of June 2023.
The company also provides technology enabled service solutions to Alternatives and Insurance Companies.
Date of Incorporation : 25 May, 1988
Total income (consolidated) of CAMS for the last 3 financial years (ended March 31st):
FY21: Rs. 735.25 crore FY22: Rs. 926.94 crore
FY23: Rs. 998.64 crore
Country of Presence: India |
You are requested to take note of the above and arrange to bring this to the notice of all concerned.
Kindly take the same on your records.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary
Encl.:a/a.
HDFC Bank (NYSE:HDB)
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HDFC Bank (NYSE:HDB)
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