If the IPO happens in 2024, it could be one of the biggest public issues of the year and the first from the HDFC Group after the merger of HDFC Bank and HDFC.
HDFC Bank plans to keep home loans at the center of its growth strategy following its merger with HDFC Ltd, with such credit likely to make up nearly a third of the bank s portfolio going forward.
HDFC will have to bring down its stake in HDFC Credila Financial Services to 10% over the next two years, and also stop onboarding new customers, according to the central bank’s conditions for its merger with HDFC Bank
Equities in other Asian markets cheered in the early session in line with global markets as strong US economic data solidified hopes of continuing recovery.