HDFC Bank Ltd.

HDFC Bank’s subsidiary -- HDFC Securities (HSL) has executed agreements to subscribe 60,289 Cumulative Convertible Preference Shares (CCPS) fully paid up of face value of Rs 10 each at a premium of Rs 985.2064 per CCPS to be issued by 9Platforms Technology for an aggregate consideration of Rs 995.2064 per CCPS (the Transaction). Post completion of the Transaction, HSL will be holding around 8% equity stake of 9Platforms Technology on a fully diluted basis.

Financial investment in a growing startup which aims to democratize the workflows through technology. It will enable publishers to lower cost and develop products faster, build better consumer experiences and create developer friendly infrastructure and intelligent tools that solve big problems.

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.