<ul><li>HDB Financial Services, a subsidiary of HDFC Bank, has filed preliminary papers with Sebi for a Rs 12,500 crore IPO.</li><li>The IPO will consist of a fresh issue of equity shares worth Rs 2,500 crore and an Offer-for-Sale (OFS) of Rs 10,000 crore by HDFC Bank.</li><li>The proceeds from the IPO will be used to strengthen the Tier-I capital base and support future lending for business growth.</li><li>HDB Financial Services will continue as a subsidiary of HDFC Bank after the IPO.</li></ul>

HDB Financial Services files draft papers with Sebi for Rs 12,500-cr IPO

Discover more