HDFC Bank approves IPO of HDB Financial Services with fresh equity sale of Rs 2,500 crore

September 20, 2024

HDB Financial Services IPO: The IPO comprises a fresh equity sale of Rs 2,500 crore and an offer-for-sale component, allowing existing shareholders to divest their holdings. HDB Financial Services, a major NBFC, focuses on retail and commercial customers with a diversified portfolio of financial products and services.

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HDFC Asset Management Company announced a final dividend of Rs 90 per share on Thursday along with its March quarter earnings where it reported an

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