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HDFC Bank has allotted 3,11,03,96,492 new equity shares of Re. 1/- each of HDFC Bank in accordance with the share exchange ratio provided in the composite scheme of amalgamation, to/for such eligible shareholders of HDFC who were holding shares as on the Record Date. The said equity shares allotted shall be listed on the stock exchanges and shall rank pari passu in all respects with the existing equity shares of HDFC Bank.
Accordingly, the paid-up share capital of the Bank will accordingly increase from Rs. 559,17,98,806 consisting of 559,17,98,806 equity shares of Re.1/- each to Rs. 753,75,69,464 consisting of 753,75,69,464
equity shares of Re.1/- each post cancellation of promoter holding of 1,16,46,25,834 equity shares.
Further, HDFC Bank has approved continuation of 1,47,57,600 warrants issued by HDFC in the name of HDFC Bank (as successor to the issuer HDFC Limited), under new ISIN, on the same terms and conditions (except for the conversion of warrant into equity shares which shall be as per share exchange ratio), in the name of the warrant holders as on the Record date.
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