20/10/2024, 3:14:02 pm

HDFC Bank to sell stake worth ₹10,000 cr in HDB Financial IPO

HDFC Bank, the country's top private lender, on Saturday said that it will sell equity shares worth ₹10,000 crore through an offer for sale (OFS) in its subsidiary, HDB Financial Services Ltd, as part of the much-anticipated initial public offering (IPO) of the unit. Parent HDFC Bank holds a 94.6% stake in HDB Financial Services, which will raise up to ₹12,500 crore via its IPO.