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The Securities and Exchange Board of India’s nod for HDB Financial Services Ltd.’s initial public offering is expected in the next few days, sources told NDTV Profit on Tuesday.
The clearance from the market regulator may come as soon as this week, the persons privy to the matter said.
The primary issue related to the IPO, of large number of private shareholders, is settled, they said, noting that SEBI was concerned about the number of HDB Financial shares being traded in the private market.
HDB Financial, notably, is a subsidiary of HDFC Bank.
(This is a developing story)
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