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Bad loans on board's mind, says HDB ahead of IPO
Mint Bangalore
|June 21, 2025
DB Financial Services, the country's largest non-banking financial company (NBFC), said on Friday it has arrived at a discounted valuation of $7.2 billion for its initial public offering (IPO) next week, following feedback from investment bankers.
The non-bank financier was initially eyeing a valuation of $10 billion, which has been pared down to $7.2 billion on concerns of a potential impact due to a draft Reserve Bank of India (RBI) circular requiring banks to reduce their stakes in NBFC arms engaged in similar activities to 20%.
This story is from the June 21, 2025 edition of Mint Bangalore.
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