India's top private lender HDFC Bank said on Saturday its HDB Financial Services unit will raise up to 125 billion rupees ($1.5 billion) in its initial public offering (IPO).Parent HDFC Bank, which holds a 94.

HDB Financial Services Ltd., a unit of India’s largest private sector lender, HDFC Bank Ltd. plans to raise as much as 125 billion rupees ($1.5 billion) through an initial public offering, further adding to big debuts in the nation’s equity markets.

The parent firm HDFC Bank, which holds a 94.6 per cent in HDB Financial Services Ltd, will sell shares worth ₹10,000-crore via an offer-for-sale as part of the IPO.

Parent HDFC Bank holds a 94.6% stake in HDB Financial Services, which will raise up to ₹12,500 crore via its IPO.

HDFC Bank, the parent company of HDB Financial Services Ltd, plans to sell shares valued at Rs 10,000 crore through an offer-for-sale (OFS) as part of the upcoming initial public offering (IPO). Currently,

HDB Financial Services, a subsidiary of HDFC Bank will go for a ₹12,500 crore IPO amid RBI mandate for ‘upper layer’ NBFCs to get listed

HDB Financial Services, a subsidiary of India’s largest private lender HDFC Bank , has announced plans to raise up to Rs 12,500 crore in its upcoming initial public offering ( IPO ). HDFC Bank , which owns a 94.

The public debut of HDB Financial Services is expected by the end of the current financial year. Post-IPO, HDB Financial Services will remain a subsidiary of HDFC Bank, complying with relevant regulations.