Housing Development Fin. Corp. Ltd. NCLT Order sanctioning the scheme of Amalgamation (4081T)

TIDM60CX

RNS Number : 4081T

Housing Development Fin. Corp. Ltd.

17 March 2023

Ref. No.: SE/2022-23/337

March 17, 2023

BSE Limited National Stock Exchange of India Limited

P. J. Towers Exchange Plaza, Plot No. C/1, G Block

   Dalal Street                                                                 Bandra-Kurla Complex

Mumbai 400 001 Bandra (East), Mumbai 400 051

   Kind Attn: Sr. General Manager                               Kind Attn: Head - Listing

DCS - Listing Department

Dear Sirs/Madam,

Sub: Final Order dated March 17, 2023 ("Order") passed by the Hon'ble National Company Law Tribunal, Mumbai Bench, Mumbai ("NCLT") for inter alia sanctioning the composite scheme of amalgamation ("Scheme") for the amalgamation of: (i) HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of Housing Development Finance Corporation Limited ("HDFC Limited") with and into HDFC Limited; and (ii) HDFC Limited with and into HDFC Bank Limited ("HDFC Bank")

This is in connection with our letter dated April 4, 2022, informing about the decision taken by the board of directors of HDFC Limited approving the Scheme under Sections 230 to 232 of the Companies Act, 2013 ("Companies Act"), the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and other rules and regulations framed thereunder, subject to receipt of various statutory and regulatory approvals.

We further refer to our letter dated December 8, 2022, vide which, we had informed that a Joint Company Scheme Petition had been e-filed on December 7, 2022 with NCLT, in accordance with Sections 230-232 of the Companies Act, 2013 and rules thereunder by HDFC Investments Limited, HDFC Holdings Limited, HDFC Limited and HDFC Bank, seeking the sanction of the NCLT for the Scheme.

We now wish to inform you that the NCLT has, vide its Order of today i.e. March 17, 2023, sanctioned the Scheme. The Order has been uploaded on the NCLT website today and is available at

https://nclt.gov.in/gen_pdf.php?filepath=/Efile_Document/ncltdoc/casedoc/2709138130842022/04/Order-Challenge/04_order-Challange_004_167905390416146478746414545060f06.pdf

The Order as available on the NCLT website has also been uploaded on the website of HDFC Limited. The certified copy of the Order is awaited.

We request you to bring the above to the notice of all concerned.

Thank you.

Yours faithfully,

For Housing Development Finance Corporation Limited

Ajay Agarwal

Company Secretary

Cc. London Stock Exchange

10, Paternoster Square, London, EC4M 7LS

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March 17, 2023 09:03 ET (13:03 GMT)

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