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HDFC shares up 4% as board approves HDB Financial's ₹12,500-cr IPO
Shares of HDFC Bank jumped around 4% on Monday to hit an intra-day high of ₹1,748.2. This comes after its board approved subsidiary HDB Financial Services' (HDBFS) plan to launch an IPO to raise ₹12,500 crore. The proposed IPO may see HDFC Bank selling its stake worth ₹10,000 crore in HDB Financial Services.
read more at The Financial Express