HDB Financial Services’ initial public offering opens on June 25 and will be the largest IPO so far this year. While only a portion of the proceeds will go to the company, the offering signals a broader structural shift within the HDFC group. Here are 10 key developments around the issue, based on company filings and brokerage research.
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff.