HDB Financial Services sets IPO price band at Rs 700-740/ share

HDB Financial Services, an HDFC Bank subsidiary, has announced its IPO. The IPO will open on June 25. The price band is fixed at Rs 700-740 per share. The IPO aims to raise Rs 12,500 crore. It includes a fresh issue and an offer for sale by HDFC Bank. The funds will strengthen the company's capital base.