HDB Financial Services IPO Fully Subscribed in India

  Published 1 year ago

HDB Financial Services' $1.5B IPO was fully subscribed in two days, marking India's biggest offering this year with strong investor demand.

  • Anchor investors raised $1.19B, including BlackRock, LIC, and Norway's sovereign wealth fund.
  • HDFC Bank sells up to $1.06B stake, with new shares issued in a three-day IPO ending July 2.
  • HDB's IPO is HDFC Group's first public float in seven years, signaling market recovery.

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