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HDFC Bank to acquire 9.54% stake in Perfios Account Aggregation Services

29 Jun 2022 Evaluate

HDFC Bank has executed agreements on June 28, 2022 to subscribe to 8,05,520 fully paid up Equity Shares of face value of Rs. 10 each at a premium of Rs. 40 per Equity Share to be issued by Perfios Account Aggregation Services (PAASPL) for a consideration of Rs. 50 per Equity Share. Post investment, HDFC Bank will hold 9.54% of the Equity Share capital of PAASPL by way of acquisition of Equity Shares of face value of Rs. 10 each fully paid up.

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.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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