REG - Housing Dev Fin Corp - Scheme of arrangement - NCLT Convened Meeting

Housing Development FinanceAnnouncement

17/10/2022 08:30

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RNS Number : 0826D  Housing Development Fin. Corp. Ltd.  17 October 2022

Ref. No.: SE/2022-23/195

 

October 17, 2022

 

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:    Notice convening the Meeting of the Equity Shareholders (which
includes Public Shareholders) of Housing Development Finance Corporation
Limited ("the Corporation") pursuant to order dated October 14, 2022 ("Order")
passed by the Hon'ble National Company Law Tribunal, Mumbai Bench, Mumbai
("NCLT")

 

Ref:     Disclosure under SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015

 

This is in connection with our letter dated August 6, 2022 informing that the
Corporation had

e-filed a Joint Company Scheme Application in relation to the Composite Scheme
of Amalgamation among HDFC Investments Limited ("Transferor Company No. 1")
and HDFC Holdings Limited ("Transferor Company No. 2") and the Corporation
("Transferee Company"/"Amalgamating Company") and HDFC Bank Limited
("Amalgamated Company") and their respective shareholders and creditors
("Scheme"), with the Hon'ble NCLT.

 

The Hon'ble NCLT, by way of its order dated October 14, 2022 ("Order") has
inter alia directed the Corporation to convene a meeting of its equity
shareholders (which include public shareholders), to approve the arrangement
embodied in the Scheme under Sections 230 to 232 of the Companies Act, 2013
("Act") and other applicable provisions thereof and applicable rules
thereunder, on Friday, November 25, 2022, at 11.00 a.m. (1100 hours) IST
through Video Conference ("VC").

 

Accordingly, we hereby enclose the following for your information and record:

 

1.     Notice dated October 17, 2022 convening the said meeting;

2.     Explanatory statement under Sections 230(3), 232(1) and (2) and 102
of the Act read with Rule 6 of the Companies (Compromises, Arrangements and
Amalgamations) Rules, 2016 and any other applicable provisions of the Act and
the rules made thereunder; and

3.     Enclosures as indicated in the Index to the aforesaid Notice which
includes the Scheme.

 

We would like to inform you that the said documents are also uploaded on the
website of the Corporation viz. www.hdfc.com.

 

The Corporation would provide e-voting facility to its equity shareholders to
enable them to cast their votes through remote e-voting and e-voting during
the Meeting. Some of the important details regarding remote e-voting are
provided below:

 

 Even                                                       122542
 Cut-off date for determining the members entitled to vote  Friday, November 18, 2022
 Remote e -voting period and time                           Tuesday, November 22, 2022 (9:00 a.m.) to Thursday, November 24, 2022 (5:00
                                                            p.m.)*

*E-voting will also be made available during the Meeting, for those equity
shareholders of the Corporation who have not voted through remote

e-voting.

 

As required under the proviso to Section 230(3) of the Companies Act, 2013, we
request the Stock Exchanges to kindly upload the Notice dated October 17, 2022
along with the other documents mentioned above on your respective websites.

 

We request you to kindly take the same on record.

http://www.rns-pdf.londonstockexchange.com/rns/0826D_1-2022-10-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0826D_1-2022-10-17.pdf)

 

Thank you.

 

Yours faithfully,

For Housing Development Finance Corporation Limited

 

 

Ajay Agarwal

Company Secretary

 

Encl. a/a

 

Cc. London Stock Exchange

10, Paternoster Square, London, EC4M 7LS

 

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