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HDB Starts Taking Orders for One of Year's Biggest India IPOs
HDB Financial Services Ltd. began taking orders for one of India's biggest initial public offerings this year, in a deal that may fetch 125 billion rupees ($1.5 billion) as the shadow lender seeks to benefit from the recent rally in stock prices.
The shares are being marketed from Wednesday at 700 rupees to 740 rupees each, valuing the company at as much as $7 billion. The company plans to take orders until Friday.
