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, founded in 2007, offers secured and unsecured loans and operates more than 1,680 branches across India.

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.

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 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.

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.

Leading private lender HDFC Bank is set to divest Rs 10,000 crore worth of its stake in HDB Financial Services in a forthcoming IPO. This move comes in response to new regulatory norms and aims to enhance HDB's lending capabilities and digital infrastructure.

HDFC Bank on Saturday informed that its board has given its nod to the Offer for Sale of equity of up to Rs 10,000 crore in the HDB Financial Services IPO. Currently, HDFC Bank holds 94.64 per cent stake in the company.