November 01, 2024 09:05 (IST)
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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

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).