-9.15 (-0.98%) Pursuant to the approval accorded by the Board of Directors (Board) of the Bank, at its meeting held on December 20, 2017 and the special resolution passed by the shareholders of the Bank on January 19, 2018, HDFC Bank has informed that the Bank is considering an issue of equity shares/convertible securities/depository receipts pursuant to a qualified institutions placement/American depositary receipts/global depository receipts program (‘Securities’) or such other methods or combinations as may be decided by the Board or a Committee of the Board (Committee). If, subject to market conditions and other relevant considerations, the Board or a Committee decides to open an issue of Securities as aforesaid, then a meeting of a Committee will be held on July 31, 2018, to consider and approve the issue price for allotment of Securities.
The above information is a part of company’s filings submitted to BSE.