HDFC Bank arm HDB Financial Services Approves Rs 2,500 Crore IPO

In the statement the HDFC Bank said, the Board of Directors of the company at its meeting held today has inter-alia, subject to the approval of the shareholders, considered and approved the IPO of the equity shares of face value Rs 10 each comprising of a fresh issue of equity shares aggregating up to Rs 2,500 crore an offer for sale (OFS) of equity shares by existing and eligible shareholders of the company who may offer to tender their equity shares which is subjected to the approval of the shareholders of the company, market conditions, receipt of applicable approvals, regulatory clearances and other considerations.

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