HDFC Bank Plans Major IPO for HDB Financial Services

Hdfc Bank (HDB) has released an update.

HDFC Bank has approved an Offer for Sale (OFS) of equity shares from its subsidiary, HDB Financial Services, as part of a proposed IPO expected to raise up to ₹12,500 crore. The IPO will include both a fresh issue of shares and the OFS, with HDFC Bank maintaining HDBFS as a subsidiary post-IPO. The final pricing and details of the IPO will be announced at a later date, pending regulatory approvals and market conditions.

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