HDB Financial Services’ upcoming IPO, valued at ₹12,500 crore, sees its grey market premium cooling down, signaling a shift from earlier exuberance. While unlisted shares traded significantly higher previously, the IPO price of ₹740 aligns with listed NBFC valuations. HDFC Bank, divesting a portion of its stake, stands to gain substantially.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India