HDFC Bank board okays HDB Financial's Rs 12,500 crore IPO

HDFC Bank's board has approved a Rs 12,500 crore IPO for its subsidiary, HDB Financial Services, featuring a mix of fresh issues and offers for sale. The IPO includes Rs 10,000 crore in offer for sale and Rs 2,500 crore in fresh issuance. The move aims to comply with RBI regulations requiring NBFCs to go public by Sept 2025.

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