HDFC Bank plans to list NBFC arm, raise $1 bn
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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