HDFC Bank plans to list NBFC arm, raise $1 bn2 min read . Updated: 26 Jun 2019, 10:38 PM IST
- HDB Financial Services’ share sale likely in the current fiscal year
- HDFC Bank has reportedly appointed Bank of America Merrill Lynch and Morgan Stanley to manage the initial share sale of HDB Financial
Mumbai: India’s largest private sector lender, HDFC Bank Ltd, is eyeing an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, that could see the company raise more than $1 billion, said two people aware of the development.
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