3 hours ago
2
HDFC Bank holds 94.6 per cent involvement successful HDBFS.
HDB Financial Services (HDBFS), a subsidiary of HDFC Bank, volition travel retired with a Rs 12,500 crore nationalist issue, the slope said successful an speech filing. HDBFS nationalist connection is acceptable to beryllium the biggest contented from a fiscal services institution truthful far.
HDFC Bank volition offload astir Rs 10,000 crore worthy involvement successful the projected IPO. “The committee of directors of the slope astatine its gathering held connected October 19 considered and approved the Offer for Sale of specified fig of equity shares of look worth of 10 each of HDBFS aggregating up to Rs 10,000 crore,” the slope said successful the filing.
HDFC Bank holds 94.6 per cent involvement successful HDBFS.
Accordingly, the IPO volition beryllium astatine a look worth of Rs 10 each of HDBFS aggregating up to Rs 12,500 crore comprising of a caller contented of HDBFS shares aggregating up to Rs 2,500 crore.
“The terms and different details of the projected IPO volition beryllium determined successful owed people by the competent body. Post the projected IPO, HDBFS would proceed to beryllium a subsidiary of the bank, successful compliance with the provisions of the applicable regulations,” the slope said.
The Rs 6,560-crore IPO of Bajaj Housing Finance successful September this twelvemonth received a immense capitalist effect with 88.94 lakh applications from investors worthy Rs. 3.24 lakh crore, the highest magnitude received for immoderate IPO astatine the precocious extremity of the terms band.
The Rs 27,870 crore mega IPO of Hyundai Motor India Ltd (HMIL) closed connected October 17 with an oversubscription of 237 per cent, oregon 2.4 times.
.png "indianexpress.")
.png "khaleejtimes")
.png "arabnews")
.png "gulfnews"){kind=logo}
English (US) · 
Hindi (IN) ·