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HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO

HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO

Oct 31, 2024, at 07:44 pm

Mumbai/IBNS: HDFC Bank announced on Thursday (Oct. 31) that its non-banking financial arm HDB Financial Services filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a potential IPO of up to Rs 12,500 crore (approximately $1.49 billion).