HDFC Bank board approves Rs 12,500-crore share sale of its subsidiary HDB Financial
HDFC Bank’s board approves a Rs 12,500 crore share sale for HDB Financial Services, including a Rs 10,000 crore offer for sale and Rs 2,500 crore fresh issue. HDFC Bank, holding a 94.64% stake, complies with RBI’s mandate for NBFCs to list on stock exchanges.