India, June 4 -- The shares of the prominent private banks gained up to 1 percent in today's trading session after the company's subsidiary received approval from SEBI to launch a Rs 12,500-crore initial public offering (IPO).
With a market capitalization of Rs 14.83 lakh crore, the shares of HDFC Bank Ltd were trading at Rs 1,936.35 per share, increasing around 0.58 percent as compared to the previous closing price of Rs 1,925.25 apiece.
The shares of HDFC Bank Ltd have seen positive movement after its subsidiary, HDB Financial Services, received SEBI approval to launch a Rs 12,500-crore IPO within a year. The offering includes a Rs 2,500-crore fresh issue and a Rs 10,000-crore worth offer-for-sale by HDFC Bank, which currently owns a 94...