HDFC Bank Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Bank held on March 27, 2008, inter alia, have approved the following:
1. Amalgamation of Centurion Bank of Punjab Ltd (CBoP) with the Bank pursuant to Section 44A of the Banking Regulat1on Act, 1949 as per the Scheme of Amalgamation, and consequent issue of equity shares to the shareholders of CBoP.
2. Increase in the authorised share capital of the Bank.
3. Preferential issue of Equity shares and / or Warrants to the Promoters of the Bank.
The Resolution Nos. 2 and 3 above were passed by the shareholders of the Bank with requisite majority at the EGM by show of hands.
In order to ascertain the requisite majority as per Section 44A of the Banking Regulation Act, 1949, the Resolution No. 1 was put to vote by way of a poll.
The Resolution No. 1 has been passed with requisite majority. The amalgamation is subject to the approval of the Reserve Bank of India.
1. Amalgamation of Centurion Bank of Punjab Ltd (CBoP) with the Bank pursuant to Section 44A of the Banking Regulat1on Act, 1949 as per the Scheme of Amalgamation, and consequent issue of equity shares to the shareholders of CBoP.
2. Increase in the authorised share capital of the Bank.
3. Preferential issue of Equity shares and / or Warrants to the Promoters of the Bank.
The Resolution Nos. 2 and 3 above were passed by the shareholders of the Bank with requisite majority at the EGM by show of hands.
In order to ascertain the requisite majority as per Section 44A of the Banking Regulation Act, 1949, the Resolution No. 1 was put to vote by way of a poll.
The Resolution No. 1 has been passed with requisite majority. The amalgamation is subject to the approval of the Reserve Bank of India.
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