HDFC Schedule 13G
Table of Contents

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

HDFC BANK LIMITED


(Name of Issuer)

EQUITY SHARES - COMMON STOCK (PAR VALUE: INR 10 PER SHARE


(Title of Class of Securities)

40415F101


(Cusip Number)

July 20, 2001


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        o Rule 13d-1 (b)

        o Rule 13d-1 (c)

        x Rule 13d-1 (d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).

 


TABLE OF CONTENTS

ITEM 1. Name of Issuer:
ITEM 2. Name of Person Filing:
ITEM 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
ITEM 4. Ownership.
ITEM 5. Ownership of Five Percent or Less of a Class.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
ITEM 8. Identification and Classification of Members of the Group.
ITEM 9. Notice of Dissolution of Group.
ITEM 10. Certification.
SIGNATURE


Table of Contents

             
13G
CUSIP No. 40415F101

  1. Name of Reporting Person:
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
I.R.S. Identification Nos. of above persons (entities only):
NOT APPLICABLE

  2. Check the Appropriate Box if a Member of a Group:
    (a) x  
    (b) o  

  3. SEC Use Only:

  4. Citizenship or Place of Organization:
MUMBAI, INDIA

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
38,860,000

6. Shared Voting Power:
NIL

7. Sole Dispositive Power:
38,860,000

8.Shared Dispositive Power:
NIL

  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
38,860,000

  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

  11.Percent of Class Represented by Amount in Row (9):
13.78%

  12.Type of Reporting Person:
CO


Table of Contents

             
13G
CUSIP No. 40415F101

  1. Name of Reporting Person:
HDFC INVESTMENTS LIMITED
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group:
    (a) x  
    (b) o  

  3. SEC Use Only:

  4. Citizenship or Place of Organization:
MUMBAI, INDIA

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
30,000,000

6. Shared Voting Power:
NIL

7. Sole Dispositive Power:
30,000,000

8.Shared Dispositive Power:
NIL

  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
30,000,000

  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

  11.Percent of Class Represented by Amount in Row (9):
10.64%

  12.Type of Reporting Person:
CO

 


Table of Contents

13G

GENERAL INSTRUCTIONS

     
A.   Statements filed pursuant to Rule 13(d)-1(b) containing the information required by this schedule shall be filed not later than February 14 following the calendar year covered by the statement or within the time specified in Rules 13d-1(b)(2) and 13d2(c). Statements filed pursuant to Rule 13d-2(c) shall be filed within the time specified in Rules 13d-1(c), 13d-2(b) and 13d-2(d). Statements filed pursuant to Rule 13d-1(d) shall be filed not later than February 14 following the calendar year covered by the statement pursuant to Rules 13d-1(d) and 13d-2(b).
 
B.   Information contained in a form which is required to be filed by rules under section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that covered by a statement on this schedule may be incorporated by reference in response to any of the items of this schedule. If such information is incorporated by reference in this schedule, copies of the relevant pages of such form shall be filed as an exhibit to this schedule.
 
C.   The item numbers and captions of the items shall be included but the text of the items is to be omitted. The answers to the items shall be so prepared as to indicate clearly the coverage of the items without referring to the text of the items. Answer every item. If an item is inapplicable or the answer is in the negative, so state.
       
Item 1.
  (a) Name of Issuer:
    HDFC BANK LIMITED
  (b) Address of Issuer’s Principal Executive Offices:
    HDFC BANK LTD.
SANDOZ HOUSE
Dr. A BESANT ROAD
WORLI
MUMBAI 400 018
INDIA
 
Item 2.
  (a) Name of Person Filing:
    Housing Development Finance Corporation Limited (”HDFC Limited”)
HDFC Investments Limited
  (b) Address of Principal Business Office or, if none, Residence:
    HDFC Limited
Ramon House,
H. T. Parekh Marg,
169 Backbay Reclamation,
Mumbai 400 020,
India

HDFC Investments Limited
Ramon House,
H. T. Parekh Marg,
169 Backbay Reclamation,
Mumbai 400 020,
India
  (c)Citizenship:
    HDFC Limited is incorporated under the laws of India
HDFC Investments Limited is incorporated under the laws of India
  (d) Title of Class of Securities:
    Equity Shares, par value INR 10.
  (e) CUSIP Number:
    40415F101
 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
  (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) o Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 

 


Table of Contents

13G

       
Item 4.
Ownership.
  (a) Amount beneficially owned:
    HDFC Limited
38,860,000
 
HDFC Investments Limited
30,000,000
  (b) Percent of class:
    13.78%
 
10.64%
  (c) Number of shares as to which the person has:
   
    (i) Sole power to vote or to direct the vote:
      38,860,000
 
30,000,000
    (ii) Shared power to vote or to direct the vote:
      Nil
 
Nil
    (iii) Sole power to dispose or to direct the disposition of:
      38,860,000
 
30,000,000
    (iv) Shared power to dispose or to direct the disposition of:
      Nil
 
Nil
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
 
Not Applicable
 
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not Applicable
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
Not Applicable
 
Item 8.
Identification and Classification of Members of the Group.
 
HDFC Investments Limited is a 100% owned subsidiary of, and is controlled by, HDFC Limited.
 
Item 9.
Notice of Dissolution of Group.
 
Not Applicable
       
Item 10.
Certification.
 

Not applicable.

 


Table of Contents

13G

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

   
Date: February 5, 2003
   
Company Name(s):
 
HOUSING DEVELOPMENT FINANCE
CORPORATION LIMITED
   
By: /s/ Conrad D'Souza
Name: Conrad D'Souza
Title: General Manager
   
HDFC INVESTMENTS LIMITED
 
/s/ Keki M Mistry
Name: Keki M Mistry
Title: Director