エドガーで原本を確認する
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 March, 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.
| HDFC BANK LIMITED |
||||||
| (Registrant) | ||||||
| Date: March 31, 2024 | By: | /s/ Santosh Haldankar |
||||
| Name: Santosh Haldankar |
||||||
| 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.
Description
Execution of binding term sheet as part of the process for sale of 100% equity shares held by HDFC Bank Limited (“HDFC Bank”) in HDFC Education and Development Services Private Limited (“HDFC Edu”)
Exhibit 99
March 31, 2024
New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA
Dear Sir/ Madam,
Sub: Execution of binding term sheet as part of the process for sale of 100% equity shares held by HDFC Bank Limited (“HDFC Bank”) in HDFC Education and Development Services Private Limited (“HDFC Edu”)
We wish to inform you that the Reserve Bank of India (the “RBI”) had permitted HDFC Bank to continue to hold the stake of erstwhile Housing Development Finance Corporation Limited (“HDFC Limited”) in HDFC Edu. (engaged in providing services to three education schools) for a period of 2 (two) years from the effective date of the composite scheme of amalgamation for the amalgamation of (i) HDFC Investments Limited and HDFC Holdings Limited, wholly owned subsidiaries of HDFC Limited, with and into HDFC Limited and (ii) HDFC Limited with and into HDFC Bank.
In furtherance of the aforesaid RBI direction and after due deliberation and in the interests of maintaining transparency in the proposed divestment, HDFC Bank has decided to undertake the sale of its 100% stake in HDFC Edu. (the “Proposed Transaction”) using the Swiss challenge method.
In this regard, HDFC Bank has on March 30, 2024, entered into a binding term sheet with an interested party and the offer contained in such term sheet shall serve as the anchor / base bid to seek counter offers from other parties interested in participating in the aforesaid Swiss challenge process. HDFC Bank shall finalise the purchaser on the basis of the completion of the Swiss challenge process, subsequent to which such purchaser and HDFC Bank will enter into definitive documentation for the purposes of the Proposed Transaction.
In view of the nature of the process that is required to be followed for the purposes of the Proposed Transaction, the details as required to be disclosed as on date in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the circulars issued thereunder, are hereby disclosed. The details of the definitive documentation for the purposes of the Proposed Transaction which are required to be disclosed in light of the aforesaid regulations shall be submitted upon execution of such definitive documentation.
You are requested to take note of the above.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary