HDFC Bank's green shoe option exercised

HDFC Bank's green shoe option attached with the sponsored American Depository Shares (ADSs) has been exercised by the underwriter for allotment of additional 996,700 ADS at the price of $39.26 per ADS.

As per the release issued to the BSE, the bank has allotted 2,990,100 underlying Indian equity shares of the face value of Rs 10 each. Each ADS comprises of three underlying equity shares of the Bank.