Mahindra and Mahindra Financial Services share price moved up by 3.3 per cent at Rs 331.25 per share on the BSE in Monday's intraday deals

The IPO will include a fresh equity issuance of Rs 2,500 crore, alongside an offer-for-sale portion allowing existing shareholders to sell their stake

India's HDB Financial Services, a unit of HDFC Bank , has approved raising 25 billion rupees ($299 million) through a fresh issue of shares in its initial public offering (IPO), the lender said on Friday,

HDB Financial Services Ltd, a subsidiary of HDFC Bank, has received approval for an IPO. The IPO will comprise a fresh issue of shares worth ₹2,500 crore and an OFS.

HDFC Banks shares saw an uptick of nearly 1% to Rs 1,754 per share on September 23, following the banks announcement of an in-principle approval for taking its financial services arm, HDB Financial Services,

HDFC Bank Share Gains Board Approved HDB Financial Services IPO: The stock of HDFC Bank gave a return of 5% in the past five days compared to a return of 3% by Bank Nifty in the same period.