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News on Medial
Yudiz Says HDFC Bank Has Unfreezed Its Account With IPO Proceeds
Inc42
·
1y ago
Medial
Yudiz, a startup listed on NSE Emerge, announced that HDFC Bank has lifted the freeze on its bank account. This comes after more than a month of the bank freezing the account where Yudiz had stored its IPO proceeds. The company raised over INR 44 Cr through its IPO in August last year.
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HDB Financial IPO in the works as HDFC sets stage to list NBFC arm
Livemint
·
1y ago
Medial
India's HDFC Bank is reportedly planning the long-awaited IPO of its subsidiary HDB Financial Services. The IPO could value HDB Financial between $9 billion and $12 billion and HDFC Bank is considering divesting a 10% stake in the offering. HDFC Bank may also conduct a pre-IPO share placement with investors. The IPO is expected to take place in late 2024 or early 2025 and marks a significant listing from the merged HDFC Bank and HDFC group. HDB Financial Services operates 1,492 branches across India and focuses on vehicle loans, loans against property, and personal loans.
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HDB Financial Services files draft papers with Sebi for Rs 12,500-cr IPO
YourStory
·
9m ago
Medial
HDB Financial Services, a subsidiary of HDFC Bank, has filed papers with SEBI to raise Rs 12,500 crore through an IPO. The proposed IPO includes a fresh issue of equity shares worth Rs 2,500 crore and an offer-for-sale of Rs 10,000 crore by HDFC Bank. The funds raised will be used to strengthen its capital base and support future lending needs. The decision to list follows RBI's mandate for NBFCs to list within three years. HDB Financial Services will remain a subsidiary of HDFC Bank after the IPO. A dozen book-running lead managers have been appointed for the IPO.
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Big hit to savings account holders: SBI, HDFC Bank, ICICI Bank cut interest rates in June 2025 - The Economic Times
Economic Times
·
1m ago
Medial
In June 2025, major Indian banks like SBI, HDFC Bank, and ICICI Bank reduced their savings account interest rates following a 50-basis-point repo rate cut by the Reserve Bank of India. SBI now offers a uniform 2.5% rate, while HDFC and ICICI offer 2.75% on all balances. Other banks like Bank of Baroda, Federal Bank, IndusInd Bank, and RBL Bank also revised their rates, affecting depositors' returns.
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HDFC Bank restarts talks with Mitsubishi UFJ for HDB Financial stake sale ahead of IPO: Report | Company Business News
Livemint
·
7m ago
Medial
HDFC Bank is reportedly in discussions with Mitsubishi UFJ Financial Group (MUFG) for a stake sale in its subsidiary HDB Financial before its planned initial public offering (IPO). Talks between the two companies began earlier in the year but fell through due to conflicting valuations. HDFC Bank is said to be more flexible this time in negotiating valuations. The discussions aim to address RBI regulations that require banks to reduce their stake in subsidiaries within two years. HDFC Bank currently holds a 94.36% stake in HDB Financial.
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HDFC Bank unit HDB Financial to raise up to $1.5 bn in IPO
VCCircle
·
9m ago
Medial
HDFC Bank's subsidiary, HDB Financial Services, is planning to raise up to $1.5 billion in its initial public offering (IPO). HDFC Bank will sell shares worth $1.3 billion in the IPO. The details of the offering will be determined later. HDB Financial Services provides secured and unsecured loans and has over 1,680 branches in India. The IPO follows new regulations that require large non-banking financial companies to be listed on stock exchanges by September 2025. This year, India has seen a surge in IPO activity, with over $12.57 billion raised so far.
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'Actively working to resolve...': HDFC Bank says as customers experience issues
Livemint
·
1y ago
Medial
HDFC Bank is addressing issues some customers have been facing with accessing NetBanking. The bank is actively working on resolving the issue and suggests customers use alternative methods such as MobileBanking, Payzapp, MyCards, or Chat Banking for transactions. HDFC Bank apologizes for any inconvenience caused.
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HDFC Bank arm HDB Financial gets SEBI approval for IPO
VCCircle
·
2m ago
Medial
HDFC Bank’s subsidiary, HDB Financial Services, has secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This marks HDFC group's first market entry in seven years. HDFC Bank, owning a 94.3% stake, plans to sell shares worth up to 100 billion rupees, alongside issuing fresh shares valued at 25 billion rupees. This step aligns with regulations necessitating large non-banking financial companies to list by September 2025.
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Credila Financial Services files for $584 million IPO
Economic Times
·
1m ago
Medial
Credila Financial Services filed for a $583.76 million IPO, featuring a fresh share issue worth 30 billion rupees and an additional 20 billion rupees from existing shareholders HDFC Bank and Kopvoorn B.V. The proceeds will strengthen the company's capital base. The offering aligns with foreign investors returning to Indian stocks, encouraged by significant block trades. Bookrunners include Citi, Goldman Sachs' India unit, Jefferies, IIFL Capital, and Axis Capital. Credila, founded in 2006, provides education loans.
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HDB Financial Services' Rs 12,500-crore IPO to open on June 25
Economic Times
·
1m ago
Medial
HDB Financial Services, a subsidiary of HDFC Bank, is launching a ₹12,500 crore IPO on June 25, priced between ₹700-740 per share. The IPO includes a fresh issue of ₹2,500 crore worth of shares and an ₹10,000 crore share offer for sale by HDFC Bank. This IPO, India’s largest by a non-banking finance company (NBFC), will close on June 27, following anchor investors' bidding on June 24.
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NTPC Green Energy IPO fully subscribed
YourStory
·
8m ago
Medial
The IPO of NTPC Green Energy, the renewable energy arm of NTPC, was fully subscribed on the third day of the share sale. The Rs 10,000-crore share sale received bids for 1.02 times the shares on offer. The retail investors' portion was subscribed 2.70 times, while the institutional and non-institutional investors' portions were subscribed 75% and 42% respectively. The company has raised Rs 3,960 crore from anchor investors. The IPO proceeds will be used to repay loans and for general corporate purposes. IDBI Capital Markets, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management are the lead managers.
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