New Delhi, June 26 -- The shares of India's largest private lender, HDFC Bank, climbed to a fresh record high on Thursday, June 26, amid a strong sentiment in the Indian stock market and a decent demand for the initial public offering (IPO) of its subsidiary HDB Financial.

HDFC Bank share price rose nearly 1% to a new high of Rs.1997.90 on the BSE today.

The HDB Financial IPO kicked off for subscription on Wednesday, June 25, and entered its second day of subscription today, garnering a healthy 45% bids as of 10.35 am today. The non-institutional investor portion was on the cusp of sailing through, with 95% bids.

More to come..

Published by HT Digital Content Services with permission from MINT....