HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial’s upcoming IPO
The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing.
The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing.
The announcement led to a drastic plunge in company’s shares on the benchmarks.
The final price for the OFS of RNAM shares was at Rs 222 per share as against the base offer price of Rs 218 per share.
The government on Monday said that it plans to sell up to 5 per cent of its equity stake in…
