HDB Financials and MUFG: What's Holding Back the Deal? | HDB Financials IPO Coming Soon?
In the business world, many big deals often fall through, and something similar is happening between HDB Financial Services and MUFG. As we discussed earlier, Japan's largest lender, MUFG, was planning to buy a 20% stake in India's HDB Financial Services for approximately $2 billion.
The current situation is that MUFG wants to take control of the strategic decisions of HDB Financial Services, but HDFC is not agreeable to this. This point of contention has caused the deal to stall.
Nevertheless, MUFG is still interested in this deal because they want to enter the Indian markets at any cost. Now, suppose this deal doesn't go through, HDFC Bank has another option - they can launch their IPO to raise $2 billion from the general public. In any case, HDB Financials has to bring out its IPO by FY25.
We will keep you updated on this deal. If you are interested in investing in HDB's pre-IPO shares, please contact us at the given number @ 7065560002.
Contact us at +91 7065560002 via Whatsapp/Normal call
Or Mail us at help@planify.in
Join Us For all the latest updates about startups, preipo and unicorns.
Keep yourself updated with the market situation.
Join us on Facebook
Contact us at +91 7065560002 via Whatsapp/Normal call
Or Mail us at help@planify.in
⬇️ Download the app for easy access. Links are given below: