Following reports of Japan-based MUFG picking up 20 per cent stake in HDB Financial Services, HDFC Bank without confirming plans to sell its stake, hinted that the proposal is being considered to meet listing requirements and the bank is exploring all options including the stake sale.“Our investment in HDB Financial is a financial investment. We hold around 94.8 per cent stake. HDB is in the upper layer of NBFCs which means it needs to be listed by September 2025 under regulatory guidelines,” said HDFC Bank CFO Srinivasan Vaidyanathan.“All possibilities will be evaluated to get to that end outcome, so we’ll have to be patient. There are several approaches to take there, and all…
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After stake sale reports, HDFC Bank says exploring all options for HDB Financial listing
