At meeting held on 19 May 2014
HDFC Bank announced that the Board of Directors of the Bank at its meeting held on 19 May 2014, has decided to seek an enabling approval of the Shareholders at the ensuing Annual General Meeting to raise the equity share capital of the Bank up to an aggregate sum of Rs 10,000 crore including share premium amount.The proposed issue is to be made by creating, issuing, offering in the course of one or more public or private offerings in domestic or one or more international markets, equity shares and/or equity shares through depository receipts and/or securities convertible into equity shares at the option of the Bank and/or the holders of such securities, and/or securities linked to equity shares and/or any instrument or securities representing equity shares and/or convertible securities linked to equity shares.
The issue of capital is subject to the applicable laws, SEBI regulations and approvals of Reserve Bank of India and other regulatory authorities.
The issue is proposed to be completed within a period of one year from the date of Shareholders approval.
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