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Six Indian firms, led by HDB Financial Services, get approval to raise ₹21,600 crore via IPOs.
Six Indian companies, including HDFC Bank's subsidiary HDB Financial Services and solar firm Vikram Solar, have received approval from SEBI to raise about ₹21,600 crore through IPOs.
HDB Financial Services plans to raise ₹12,500 crore, with ₹10,000 crore from HDFC Bank selling its stake.
The IPOs aim to fund expansion and debt repayment, aligning with the RBI's mandate for financial services firms to list by FY25.
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Seis firmas indias, encabezadas por HDB Financial Services, obtienen la aprobación para recaudar ₹ 21,600 crores a través de las OPI.