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India's HDB Financial files for $1.5b IPO

India's HDB Financial files for $1.5b IPO

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons

India’s HDB Financial Services, the non-banking lending unit of HDFC Bank, has filed for an initial public offering of up to 125 billion rupees ($1.49 billion), in line with its parent’s announcement earlier this month.

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