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क्या आप अपना लेख प्रकाशित करना चाहते हैं? तो अभी रजिस्टर करें!
HDB Financial Services the non banking finance subsidiary of HDFC Bank has announced the launch of its Initial Public Offering worth 12500 crore. The IPO will open for subscription on June 25 and close on June 27
The public offering includes a fresh issue of 2500 crore and an Offer for Sale worth 10000 crore by its parent company HDFC Bank
This listing is in line with the Reserve Bank of India guidelines from October 2022 which require public listing of Non Banking Financial Companies classified under the Upper Layer category
HDFC Bank currently holds a 943 percent stake in HDB Financial ahead of the IPO. The price band for the issue will be announced soon
HDB Financial operates through 1680 branches and has a strong focus on retail and SME lending. Its major loan segments include vehicle finance and loans against property contributing to a diversified asset base
On Thursday shares of HDFC Bank ended nearly unchanged at 1933 point 1
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