MUMBAI: The country’s largest private-sector lender HDFC Bank has approved a bumper Rs 12,500 crore initial share sale in its non-banking arm HDB Financial Services under which the promoter will be selling shares worth Rs 10,

The HDB Financial Services IPO will include a fresh equity issuance worth Rs 2,500 crore, alongside a Rs 10,000-crore offer for sale by HDFC Bank, totaling Rs 12,500 crore. HDFC Bank, which holds a 94.

Of the Rs 12,500 crore IPO, Rs 10,000 crore is the shares that HDFC Bank intends to sell. The board of directors have approved the IPO

HDB Financial Services Ltd (HDBFS), a subsidiary of India’s largest private-sector lender HDFC Bank, is gearing up for a market debut. The non-banking financial company (NBFC) plans to raise Rs 12,500 crore through its much-anticipated initial public offering (IPO),

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.

Parent HDFC Bank holds a 94.6% stake in HDB Financial Services, which will raise up to ₹12,500 crore via its IPO.

HDFC Bank's board has approved a Rs 12,500 crore IPO for its subsidiary, HDB Financial Services, featuring a mix of fresh issues and offers for sale. The IPO includes Rs 10,000 crore in offer for sale and Rs 2,

HDB Financial Services, founded in 2007, offers secured and unsecured loans and operates more than 1,680 branches across India.

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, the parent company of HDB Financial Services Ltd, plans to sell shares valued at Rs 10,000 crore through an offer-for-sale (OFS) as part of the upcoming initial public offering (IPO). Currently,