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In a dramatic development that threatens to reshape India's cricket broadcasting landscape, Reliance Industries-controlled JioStar has formally notified the International Cricket Council (ICC) th...
Introduction HDB Financial Services, a leading NBFC backed by HDFC Bank, is set to launch its much-anticipated IPO. The issue opens on June 25, 2025, and aims to raise ₹12,500 crore through a combination of fresh issue and offer for sale. Here's a comprehensive breakdown for investors tracking India’s evolving NBFC landscape. A) IPO Snapshot Key Dates: Anchor Investor Allocation: June 24,...
Introduction HDB Financial Services Ltd., the NBFC arm of HDFC Bank, is preparing for a landmark IPO estimated at ₹12,500 crore (~$1.5 billion), likely to be launched by mid-July 2025. This IPO isn't just another fundraising event — it’s driven by a regulatory mandate from the Reserve Bank of India (RBI), which requires "Upper Layer" NBFCs to be listed by September 2025. With the UDR...
HDB Financial Services, a wholly owned subsidiary of HDFC Bank, is staring at a rapidly approaching deadline to list on the stock exchanges. Under the Reserve Bank of India’s (RBI) scale-based regulatory framework, non-banking financial companies (NBFCs) are categorized into different layers based on their size, systemic importance, and risk profile. Among these, entities designated as &ldqu...
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking institution, is reportedly in advanced negotiations with HDFC Bank to acquire a minority stake in HDB Financial Services, its non-banking financial subsidiary. Sources familiar with the development revealed that the proposed transaction is pegged at around ₹12,000 crore, with MUFG aiming to secure a 17-19% stake. The deal is expe...
HDB Financial Services is facing potential regulatory challenges tied to alleged violations of the Companies Act, 2008, as it moves forward with its $1.5 billion initial public offering (IPO). Concerns have arisen from a Securities and Exchange Board of India (SEBI) finding that the company may have breached private placement regulations by issuing shares to employees of its parent organization, H...
HDB Financial Services, the non-banking arm of HDFC Bank, is gearing up for a substantial initial public offering (IPO), with its international roadshows currently underway. Senior officials from HDFC Bank and HDB Financial are engaging with prominent investors in regions such as the UK, the US, Singapore, and Hong Kong. According to industry insiders, these discussions began towards the end of De...
HDB Financial Services, a non-banking financial company (NBFC) owned by India’s most valuable bank, is gearing up for its highly anticipated initial public offering (IPO). This announcement has triggered a significant spike in the company’s share prices within the unlisted market, which recently peaked at ₹1,400 per share before stabilizing at around ₹1,200. Market Optimi...
HDFC Bank has taken a significant step towards the public listing of its subsidiary, HDB Financial Services, with the board's approval of a Rs 12,500 crore initial public offering (IPO). The decision came during a board meeting on October 19, 2024. The move follows earlier announcements made by the bank in July and September of this year, outlining the intention to list the non-banking financial c...
HDB Financial Services, a subsidiary of banking giant HDFC Bank, has initiated preparations for its upcoming initial public offering (IPO). The company has brought on board four prominent investment banks—Jefferies, JM Financial, Morgan Stanley, and Nomura—to serve as advisors for the public offering, according to insider sources who spoke to Moneycontrol under anonymity. The formal p...
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