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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
HDFC Bank is set to dilute its stake in its NBFC arm as the RBI pushes for public listing and ownership restructuring.
HDB Financial Services, the non-banking financial services arm of HDFC Bank, is launching its initial public offering. The Rs 12,500 crore public issue opens for subscription today and will close on 27 June. The NBFC is scheduled to be listed on 2 July.
The IPO consists of a Rs 10,000 crore offer for sale by parent HDFC Bank and a Rs 2,500 crore fresh issue of shares. The company plans to use the proceeds from the fresh issue to enhance its tier-I capital base for future growth and lending requirements.
The IPO comprises 168.9 million equity shares and has been …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
