HDB Financial Services Rolls Out ₹12,500 Crore IPO Amid Ongoing Regulatory Concerns
HDB Financial Services is launching an Initial Public Offering (IPO) that includes a ₹2,500-crore fresh capital raise and a ₹10,000-crore offer for sale (OFS) by its parent, HDFC Bank. This move will reduce HDFC Bank’s stake in the company by 20%, bringing down promoter shareholding to 75%. With assets under management exceeding ₹1 lakh crore … Read more