HDFC Bank's Subsidiary, HDB Financial Services, Prepares for a Massive IPO: A Significant Milestone for the Indian Financial Sector
HDFC Bank's subsidiary, HDB Financial Services, is preparing for a significant IPO, aiming to be listed by September 2025 to comply with RBI regulations. The IPO is expected to fetch a valuation of $9 billion to $12 billion, making it one of the biggest public issues of the year. HDFC Bank, which owns nearly 95% of HDB Financial Services, is considering selling a 10% stake in the IPO, potentially raising between ₹7,500 to ₹10,000 crore. The HDB Financial Services IPO is expected to draw significant investor interest due to HDB Financial Services' robust track record of profitability and strong parentage under HDFC Bank.
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