HDFC Bank's board approves ₹12,500 cr IPO for HDB Financial; stock up 3% on steady Q2
HDB Financial Services is expected to raise ₹12,500 cr via IPO, including fresh equities worth ₹2,500 cr and OFS of shares worth ₹10,000 cr by parent HDFC Bank.
HDB Financial Services is expected to raise ₹12,500 cr via IPO, including fresh equities worth ₹2,500 cr and OFS of shares worth ₹10,000 cr by parent HDFC Bank.
Analysts broadly remain positive on HDFC Bank’s shares with most of them lowering their target prices on the stock.