Key Points
MUMBAI: HDFC Bank's board has cleared a Rs. 12,500 crore IPO. for its subsidiary,..
, as part of the company's plan to go public..
The fresh issue will amount to Rs 2,500 crore, bringing the total IPO size to Rs 12,500 crore..
Regulatory clearances are being sought, and the company must adhere to applicable laws, including RBI's scale-based regulations for NBFCs, which require HDB to go public by Sept 2025...
Despite the IPO, HDB will continue to operate as a subsidiary of HDFC Bank, in compliance with regulatory guidelines..
