India's HDB Financial to raise up to $1.5 billion in IPO
India's top private lender HDFC Bank said on Saturday its HDB Financial Services unit will raise up to 125 billion rupees ($1.5 billion) in its initial public offering (IPO). Parent HDFC Bank, which holds a 94.
HDFC Bank Approves $1.5 Billion IPO of Unit HDB Financial
HDB Financial Services Ltd., a unit of India’s largest private sector lender, HDFC Bank Ltd. plans to raise as much as 125 billion rupees ($1.5 billion) through an initial public offering, further adding to big debuts in the nation’s equity markets.
HDB Financial Services IPO: HDFC Bank to offload Rs 10,000 crore of shares, total issue size stands at Rs 12,500 crore
The much-anticipated IPO of the unit is expected by the end of the current financial year. The offer for sale (OFS) of shares held by HDFC Bank is subject to market conditions, regulatory approvals, and other considerations,
HDFC Bank to sell up to Rs 10,000-crore shares in HDB Financial IPO; total public issue size at Rs 12,500 crore
HDB Financial Services is preparing for its public market debut, expected by the end of the current financial year. The listing is expected to unlock additional value for its parent company HDFC Bank.
HDFC Bank to offload Rs 10,000 cr worth stake in Rs 12,500 cr IPO of HDB Financial Services
Leading private lender HDFC Bank is set to divest Rs 10,000 crore worth of its stake in HDB Financial Services in a forthcoming IPO. This move comes in response to new regulatory norms and aims to enhance HDB's lending capabilities and digital infrastructure.
HDFC Bank's big update on HDB Financial Services IPO! OFS revealed - Issue size to beat Reliance Power, Zomato
HDFC Bank on Saturday informed that its board has given its nod to the Offer for Sale of equity of up to Rs 10,000 crore in the HDB Financial Services IPO. Currently, HDFC Bank holds 94.64 per cent stake in the company.
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