HDFC Bank Limited has informed that the bank has executed agreements on December 13, 2022 to subscribe to 21,471 fully paid up Compulsory Convertible Preference Shares (“CCPS”) of face value of Rs. 20/- each at a premium of Rs. 9,711.
The Bank informed in an exchange filing as Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”).
The aggregate consideration is Rs. 9,731/- per CCPS to be issued by Mintoak Innovations Private Limited (“Mintoak”) and to purchase 10,538 fully paid up Equity Shares of face value of Rs. 10/- each at a premium of Rs. 9,721/- for an aggregate consideration of Rs. 9,731/- per Equity Share from certain existing shareholders of Mintoak.
