HDFC Bank has been allotted 10 lakh fully paid up Equity Shares of face value of Rs 100 each by Open Network For Digital Commerce (ONDC) for a consideration of Rs 10 crore. Post investment, HDFC Bank holds 7.84% of the Equity share capital of ONDC.
The proposed transaction will enable the Bank’s participation in ONDC’s objective of creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
