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,

NTPC Green Energy, the renewable energy arm of India’s National Thermal Power Corporation (NTPC), has filed for an initial public offering (IPO) with the Securities and Exchange Board of India to raise $1.19bn. The IPO will consist solely of fresh equity shares, with no offer-for-sale aspect.

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.

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, the lender said on Friday.

HDFC Bank has cleared a Rs 2,500 crore IPO for its subsidiary HDB Financial Services. The move follows RBI's mandate for upper-layer NBFCs to list.

The board of HDB Financial Services Ltd, a non-banking finance subsidiary of HDFC Bank, today approved the initial public offering (IPO) of equity shares comprising a fresh issue of shares aggregating up to Rs 2,