IDBI Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on July 22, 2010, have given in-principle approval, to the proposal for merger of IDBI Homefinance Ltd. (a 100% unlisted subsidiary of IDBI Bank Ltd) with IDBI Bank Ltd. IDBI Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on December 03, 2010, have approved: Draft Scheme of Amalgamation of IDBI Homefinance Limited (a 100% unlisted subsidiary of IDBI Bank Ltd.) with IDBI Bank Ltd. in accordance with Sections 391 to 394 of the Companies Act, 1956. The proposed Schemes of Amalgamation are further subject to the approval by the requisite majority of the shareholders of the Bank and sanctions and orders being obtained from the Ministry of Corporate Affairs, Government of India, apart from any other Statutory and Regulatory Authority. (As Per BSE Announcement Dated on 02.13.2010) IDBI Bank Ltd has informed BSE that the Ministry of Corporate Affairs, Government of India, vide their letter dated February 14, 2011, have forwarded a certified true copy of the Ministry order dated February 11, 2011 in connection with 1st hearing held on February 09, 2011 on the scheme of amalgamation of IDBI Home Finance Ltd. and IDBI Gilts Ltd. (wholly owned subsidiaries of IDBI Bank Ltd.) with IDBI Bank Ltd under Sections 391-394 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 28.02.2011) IDBI Homefinance Ltd has informed BSE that the Ministry of Corporate Affairs has sanctioned the scheme of Amalgamation vide its order dated April 08, 2011. The Company, on April 13, 2011, has filed a copy of the said order with the Registrar of Companies (ROC), NCT of Delhi and Haryana and hence all the conditions of Clause 8.3 of the Scheme of Amalgamation have now been complied with. (As Per BSE Announcement Website dated on 13.04.2011)