HDB Financial Services IPO Approved by SEBI

  Published 10 months ago

India's SEBI has approved HDB Financial Services' IPO, the first public offering from the HDFC group in seven years. The IPO valued up to $1.5 billion is driven by regulatory requirements for large NBFCs to list by 2025.

  • HDFC Bank will primarily sell existing shares.
  • IPO size: up to ₹125 billion ($1.5B).
  • HDB Financial reported ₹5.3B profit (Q1 '24).

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