HDB Financial Services Gets SEBI Nod for ₹12,500 Cr IPO

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’s subsidiary, HDB Financial Services, has secured SEBI approval for its IPO, aiming to raise ₹12,500 crore. The issue comprises a ₹2,500 crore fresh issue and a ₹10,000 crore offer for sale (OFS). As an upper-layer NBFC, the firm is mandated by RBI to list by September 2025.