HDFC Bank GDRs Terminated, Delisted From Luxembourg Stock Exchange

HDFC Bank Ltd. has terminated and delisted its global depository receipts from the Luxembourg Stock Exchange due to low trading volumes, the private sector lender said in a regulatory filing on Tueasday.

Subsequent to July 15, 2019, the listing and admission to trading of the HDFC Bank GDRs on the Luxembourg Stock Exchange will be cancelled, it said.

In April, HDFC Bank said considering the minimal number of GDRs outstanding and the low trading volume of the GDRs, its board has approved the proposal for termination of the GDR program and delisting of 22 GDRs, which are outstanding and listed on the Luxembourg Stock Exchange.