HDFC Bank Limited — Important, 18-10-2024: Sale or disposal

HDFC Bank has completed the sale of 91% of its stake in HDFC Education and Development Services to Vama Sundari Investments for ₹174.72 crore, effective October 18, 2024. This sale involves 18.2 million equity shares, marking HDFC Edu's exit as a subsidiary. The remaining 9% stake is set for divestment by June 30, 2025. The transaction was conducted at arm's length following prior Audit Committee approval.