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n September, HDFC Bank approved the unit&#39;s IPO, marking the group&#39;s first public offering in six years.

HDFC&#39;s Non-Banking Unit HDB Financial Files For ₹12,500 Cr IPO

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HDB Financial Services, subsidiary of HDFC Bank, approved a ₹2,500 crore IPO with fresh equity shares and an offer for sale. Valued at ₹78,000-87,000 crore, it follows RBI mandate for NBFCs to be listed within 3 years. HDFC Bank shares rose 0.60% to ₹1,751.65.

HDFC Bank Shares Up After Approving HDB Financial Services ₹2,500 Cr IPO

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