HDB Financial Services Set to Raise ₹12,500 Crore Through IPO as Mandated by RBI
HDB Financial Services Ltd. has filed a draft papers with SEBI, aiming to raise up to ₹12,500 crore through an initial public offering (IPO). This IPO will include a combination of a fresh issue worth ₹2,500 crore and an offer for sale by its promoter, HDFC Bank, which plans to divest ₹10,000 crore worth of…