31/10/2024, 2:21:03 pm

HDB Financial filed DRHP for biggest NBFC IPO

HDB Financial Services Ltd, the non banking finance company (NBFC) of HDFC bank has filed a draft red herring prospectus (DRHP) for a Rs 12,500 crore initial public offer, the largest by a NBFC in India. The issue will include a fresh issue of shares aggregating up to Rs 2,500 crores and an offer for sale (OFS) of Rs 10,000 crore by parent HDFC Bank, people familiar with the issue said.