MUFG to Acquire 20% Stake in HDB Financial Services, Valuing at $9-10 Billion Pre-IPO
In a significant move, Japan’s MUFG is set to purchase a 20% stake in HDB Financial Services, a subsidiary of India’s HDFC Bank. The deal is poised at a valuation of $9-10 billion before the initial public offering (IPO), making it one of the largest transactions in India’s shadow banking sector. HDB Financial, a non-deposit-taking lender, is expected to command a valuation ranging from $9 billion to $12 billion during its IPO, contingent on prevailing market conditions.
Bank of Tokyo-Mitsubishi UFJ (MUFG) is making a significant investment by acquiring a substantial stake in HDB Financial Services, signaling confidence in India’s financial market.
The valuation of HDB Financial Services stands at $9-10 billion before its proposed IPO, reflecting investor optimism about the company’s growth potential.
This deal underscores the robustness of India’s shadow banking sector, with HDB Financial being a major player in retail financing.
HDB Financial Services has demonstrated strong growth, with its assets under management (AUM) increasing from Rs 61,444 crore as of March 31, 2023, to Rs 83,989 crore as of December 31, 2023. This growth trajectory further enhances its attractiveness to investors and potential stakeholders.
The Legendary Motorhead guitarist Phil Campbell has passed away at the age of 64. This…
Veteran Bollywood actress Madhu Malhotra is passed away on March 13 2026. She was passed…
The renowned Tamil poet and lyricist Vairamuthu has been conferred with the prestigious Jnanpith Award…
Did you know that spring brings a magical transformation to certain places where millions of…
Adobe CEO Shantanu Narayen has announced his decision to step down from the role he…
National Vaccination Day 2026 is observed in India on the 16th March every year. This…