HDFC Bank Ltd.

HDFC Bank has completed the acquisition of additional 4,275,000 equity shares of its subsidiary HDFC Securities (HSL) from an existing shareholder. With this acquisition the total shareholding of the bank in its subsidiary has increased from 62.06% to 89.88% of the paid-up capital of HSL.

The bank’s net profit for the first quarter rose by 30.09% at Rs 1843.86 crore as compared to Rs 1417.39 crore for the quarter ended June 30, 2012. Its total Income has increased by 17.95% to Rs 11588.56 crore for the quarter under review from Rs 9825.17 crore for the corresponding quarter of the previous year.