HDFC BANK LTD — Capital/Financing Update 2021

Jul 27, 2021

CIN: L65920MH1994PLC080618 Email: shareholder.grievances@hdfcbank.com Website: www.hdfcbank.com

HDFC Bank Limited, Zenith House, Opp Race Course Gate no. 5 & 6, Keshavrao Khadye Marg, Mahalaxmi, Mumbai- 400034 Tel.: 022-39760001 / 0012

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July 27, 2021

BSE Limited The National Stock Exchange of India Limited Dept of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Mumbai 400 051 Scrip Code - 500180 Symbol - HDFCBANK

Sub.: Supplemental disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Dear Sir/Madam,

Further to the disclosure dated November 20, 2020 made by the Bank under the SEBI Listing Regulations, we wish to inform that the Bank has subscribed to 50,000 Equity Shares of the face value of Rs. 10/- each fully paid up of IBBIC Private Limited (“IBBIC”) for a consideration of Rs. 10 per equity share constituting 5.55% of the issued and paid up capital of IBBIC.

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to provide the following disclosures with respect to the above:

a.	Name of the target entity, details in brief as size, turnover etc.	IBBIC Private Limited (“IBBIC”). IBBIC was incorporated on May 25, 2021.
b.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	This transaction of acquisition of shares does not constitute a related party transaction. As on date, the Bank’s promoters do not have any interest in IBBIC. The Bank and its subsidiaries in the ordinary course of business may have business dealings with IBBIC at an arm’s length.
c.	Industry to which the entity being acquired belongs	IBBIC has been incorporated with the object to engage in the business of designing, building, implementing and commercializing distributed ledger technology (“DLT”) solutions including development of DLT platforms and applications for the financial services sector.
d.	objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of	Equity ownership of IBBIC is aimed at providing DLT solutions for the financial services sector.

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013

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	target entity, if its business is outside the main line of business of the listed entity)
e.	Brief details of any governmental or regulatory approvals required for the acquisition	Since the acquisition of shareholding is below 10%, no regulatory approval is required.
f.	Indicative time period for completion of the acquisition	July 26, 2021
g.	Nature of consideration - whether cash consideration or share swap and details of the same	Cash consideration of Rs. 5,00,000/- (Rupees Five Lakhs Only).
h.	Cost of acquisition or the price at which the shares are acquired	Rs. 10 per Equity share of IBBIC.
i.	Percentage of shareholding / control acquired and / or number of shares acquired	Post investment, HDFC Bank holds 5.55% of the equity share capital of IBBIC directly by way of subscription to 50,000 Equity shares of face value of Rs. 10 each fully paid up.
j.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	Date of Incorporation: May 25, 2021. IBBIC is in the business of designing, building, implementing and commercializing distributed ledger technology (“DLT”) solutions for the financial services sector. History of last 3 years’ turnover: Not applicable Country of presence: India.

This is for your information and appropriate dissemination.

Thanking you, Yours faithfully, For HDFC Bank Ltd.

Digitally signed by SANTOSH SANTOSH GURUDAS GURUDAS HALDANKAR HALDANKAR Date: 2021.07.27 06:33:08 +05'30'

Santosh Haldankar Sr. Vice President (Legal) & Company Secretary

Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013