HDB Financial Serv.

BENGALURU, July 15 (Reuters) - Indian non-bank lender HDB Financial Services HDBF.NS posted a higher first-quarter profit on Wednesday, supported by healthy loan demand.

Net profit rose about 48% to 7.85 billion rupees ($81.55 million) for the quarter ended June 30, from 5.31 billion rupees a year earlier.

($1 = 96.2550 Indian rupees)

(Reporting by Nishit Navin and Surbhi Misra in Bengaluru)

(([email protected];))

MUMBAI, July 7 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 7 billion rupees ($73.71 million), including a greenshoe option of 4 billion rupees, for the reissue of 7.3274% August 2028 bonds and fresh issue of 10-year bonds, three bankers said on Tuesday.

It will pay offer a yield of 7.68% on the reissue and a coupon of 7.7861% on the fresh issue, and has invited commitment bids on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on July 7:

* Size includes base plus greenshoe for some issues

($1 = 94.9675 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

(([email protected]))

MUMBAI, July 1 (Reuters) - India's HDB Financial Services HDBF.NS has accepted bids worth 11.50 billion rupees ($121.00 million), for bonds maturing in two years and 11 months, three bankers said on Wednesday.

It will pay a coupon of 7.90% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on July 1:

* Size includes base plus greenshoe for some issues

($1 = 95.0450 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

(([email protected]))

MUMBAI, June 30 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 14.5 billion rupees ($153.18 million), including a greenshoe option of 9.5 billion rupees, through a sale of bonds maturing in two years and 11 months, three bankers said on Tuesday.

It will pay a coupon of 7.90% and has invited commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on June 30:

*Size includes base plus greenshoe for some issues

($1 = 94.6625 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)

(([email protected], [email protected]))

MUMBAI, June 9 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 17 billion rupees through the reissuance of September 2028 and May 2029 bonds, and the fresh issue of three-year and one-month bonds, three bankers said on Tuesday.

The company will offer a yield of 8.04%, 8.09% and 8.23% to the investors of this issue, and has invited bids from bankers and investors on Wednesday.

HDB Financial did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on June 9:

*Size includes base plus greenshoe for some issues

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

(([email protected]))

By Khushi Malhotra and Dharamraj Dhutia

MUMBAI, May 18 (Reuters) - Some Indian firms are turning to floating-rate bonds to attract investors and manage borrowing costs at a time when expectations of rate hikes have pushed up yields on conventional fixed-rate debt, making buyers wary of locking in lower rates.

Coupons for floating-rate bonds are priced at a spread over three-month Treasury bill yields and reset quarterly. When rate hikes are expected, these bonds turn more attractive to both issuers and investors - companies can borrow at a lower initial cost, while investors benefit from returns that rise over time.

Four non-banking finance companies, ICICI Home Finance ICICH.UL, Tata Capital TATC.NS, Mahindra & Mahindra Financial Services and HDB Financial Services HDBF.NS, plan to raise about 85.50 billion rupees ($887.74 million) this week through the sale of floating-rate bonds with a three-year maturity, merchant bankers said.

These companies have traditionally relied on fixed-rate bonds for their funding requirements. The four companies did not reply to a Reuters request for comment.

Venkatakrishnan Srinivasan, founder and managing partner of debt advisory firm Rockfort Fincap, cited the volatile interest-rate environment for the rising interest in such bonds, and said several issuers have been struggling to raise targeted amounts through fixed-rate issuances.

Bets that the Reserve Bank of India will raise interest rates in 2026 have strengthened, with inflation expected to rise due to persistently high oil prices from the Iran war.

India's April annual wholesale price index inflation jumped to its highest level in three and a half years, while overnight index swap rates have surged.

The one-year swap is now pricing in at least 100 basis points of hikes over the next 12 months, possibly from August, lifting fixed-rate yields.

YIELD PICKUP

Currently, spreads on AAA-rated floating-rate debt are in the 193–210 bp range over the T-bills, implying a yield of about 7.35%. This is roughly 30–40 bps lower than the comparable fixed-rate bonds.

"If an asset manager fully hedges the floating rate bond, the all-in yield (for the investor) is closer to 8.85%, compared with around 8.25% on a conventional fixed-rate bond. On a hedged basis, it makes a lot of sense for asset managers to add these papers," said Basant Bafna, head of fixed income at Mirae Asset Investment Managers (India).

Investors can use the swap market to convert floating returns into fixed ones.

From the issuer's perspective, they are "getting good size", Bafna said, referring to a larger quantum of funds, and added that their incremental cost of funds is lower.

($1 = 96.3125 Indian rupees)

(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Nimesh Vora and Janane Venkatraman)

(([email protected];))

MUMBAI, May 14 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise up to 16.75 billion rupees ($175 million), including a greenshoe option of 13.75 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday.

It will pay a floating-rate coupon, with an initial rate at 7.3517%, and subsequent rates will be based on a three-month t-bill rate with a spread of 205 basis points, they said, adding the company has invited commitment bids on Friday.

HDB Financial did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on May 14:

*Size includes base plus greenshoe for some issues

($1 = 95.7300 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

(([email protected]))

Adds details throughout

BENGALURU, April 24 (Reuters) - India's Shriram Finance SHMF.NS posted a bigger-than-expected fourth-quarter profit on Friday, bolstered by growth in lending for commercial and passenger vehicle purchases.

The non-bank lender's profit rose 41% to 30.14 billion rupees ($319.7 million) in the quarter ended March 31, compared with 21.39 billion rupees a year earlier, beating an average analyst estimate of 27.82 billion rupees, as per data compiled by LSEG.

Credit demand in India gained momentum in the second half of the fiscal year that ends in March, as easing inflation and lower taxes supported household spending as well as corporate borrowing.

Analysts said Shriram's dominant position in used commercial vehicle financing - which commands higher yield premiums compared to new vehicle loans - would be a key earnings driver, with assets under management (AUM) growth expected to accelerate over FY26-28.

Its loans for commercial vehicles rose 19.49%, while lending for passenger vehicles climbed about 19.05%. Together these account for almost two-thirds of its 3.02 trillion rupee assets under management, which grew around 15%.

Net interest income - the difference between interest earned from lending activity and paid on borrowings - rose 15.58% to 69.94 billion rupees.

The gross stage 3 ratio - which measures the ratio of loans overdue more than 90 days to total loans, before provisions - edged up slightly to 4.58% from 4.55% a year earlier, and 4.54% in the December quarter.

The net interest margin rose to 8.61% from 8.25% in the same quarter a year earlier.

Analysts said MUFG's $4.4 billion capital infusion , which is expected to lower Shriram Finance's cost of funds over the medium term, provides a structural tailwind to margins.

The board approved the re-appointment of Parag Sharma as MD and CEO for five years. It also approved the appointment of Morihiko Fuji and Shinichi Fujinami, nominee directors of MUFG Bank.

(Reporting by Pranav Kashyap in Bengluru; Editing by Nivedita Bhattacharjee and Ronojoy Mazumdar)

(([email protected]; +919886482111;))

Correct typographical error in headline

April 16 (Reuters) - HDB Financial Services HDBF.NS rallied as much as 11% on Thursday after the Indian non-bank lender reported a sharp 41.4% increase in quarterly profit on margin expansion and healthier asset quality

The stock touched its highest level in nearly two months, and was last up 9% at 702.25 rupees, putting it on track for its best session on record.

(Reporting by Pranav Kashyap in Bengaluru)

(([email protected]; +919886482111;))

Adds details throughout

April 15 (Reuters) - Indian non-bank lender HDB Financial Services HDBF.NS reported a 41.4% rise in fourth-quarter profit on Wednesday, driven by margin expansion, improving asset quality and growth in its consumer finance portfolio.

Net profit rose to 7.51 billion rupees ($80.40 million) for the quarter ended March 31, from 5.31 billion rupees a year earlier.

Indian lenders saw a pick-up in loan growth after October, aided by consumption tax cuts that boosted spending, particularly on vehicles and consumer durables. HDB Financial's consumer finance loans grew around 16%, outpacing both enterprise lending, which grew nearly 8%, and asset finance, which grew close to 11% over the same period, according to a Reuters calculation.

HDB Financial, a unit of HDFC Bank, said its assets under management rose 10.7% year-on-year to 1.19 trillion rupees, while net interest income - the difference between interest earned and paid - increased 21.6% to 23.99 billion rupees.

The lender's net interest margin expanded to 8.23% from 8.09% in the previous quarter and 7.55% in the year ago period, as its cost of borrowing declined.

The company, which had grappled with elevated bad loans in the first half of the fiscal year, has started to see improvement following a more cautious approach to lending in stressed segments including unsecured business loans, commercial vehicles, and construction equipment.

Gross stage 3 loans - those overdue by more than 90 days -stood at 2.44% of total loans at the end of March, down from 2.81% at December-end.

Loan losses and provisions rose 8% year-on-year but fell 3.9% sequentially to 6.85 billion rupees, supporting overall profitability.

($1 = 93.4080 Indian rupees)

(Reporting by Pranav Kashyap and Nishit Navin in Bengaluru; Editing by Ronojoy Mazumdar)

(([email protected]; +919886482111;))

By Gopika Gopakumar and Ira Dugal

MUMBAI, March 30 (Reuters) - The surprise exit of HDFC Bank's HDBK.NS chairman that led to a $16 billion stock rout in India's biggest private lender has put its CEO in the spotlight amid rumbles of acrimony in top management and unease about its underperformance versus peers.

Atanu Chakraborty resigned from the lender, which the market values at $121 billion, this month citing differences over "values and ethics", triggering a stock selloff and a damage control exercise by the bank.

While Chakraborty did not elaborate on the differences he referred to, nine people, including board members and some current and former staff, told Reuters the bank had been struggling with internal rifts in recent years, including between the former chairman and CEO Sashidhar Jagdishan.

The two clashed over the bank's strategy and its human resources policies, said the sources with knowledge of the matter who declined to be named due to the sensitivity of the matter.

The HDFC Bank management and India's banking regulator denied any governance or financial problems at the lender, but its stock fell 12% over three days after Chakraborty's exit. It recovered briefly after the bank said last week it had appointed external law firms to review the claims, and has weakened again.

Investor concerns about HDFC Bank's management come at a particularly inconvenient time for the lender - the Middle East conflict is set to weigh on the Indian economy and dim the outlook for credit growth in the banking sector.

"Investors will eventually look at longer-term performance but if results and stock prices underperform markets, shareholders will ask questions of management performance and seek change of leadership," said corporate governance research and proxy advisory firm InGovern founder Shriram Subramanian.

BOARDROOM FRICTION

Jagdishan, whose term as CEO ends in October 2026 unless extended, took over the helm from HDFC Bank founder and chief executive Aditya Puri in 2020.

Chakraborty joined as chairman in April 2021 and the former top bureaucrat soon began involving himself closely in operational and management matters, an unusual move for a non-executive director in an Indian corporate boardroom, four of the sources said.

He also intervened in human resources policies as a member of the nomination and remuneration committee and, in at least one instance, changed the performance ratings of some senior executives, a prerogative of the CEO, according to another former senior executive.

HDFC Bank did not respond to a request for comment from Jagdishan sent via the bank's official spokesperson.

Chakraborty also opposed a proposal in 2024 to approve equity investment by Japan's Mitsubishi UFJ Financial Group 8306.T in HDFC Bank's consumer finance arm.

While Jagdishan advocated bringing in a foreign lender as a strategic partner, the former chairman opposed the move, arguing against the involvement of a foreign entity in an Indian company and objecting to the lack of a bidding process in a potential investment, the sources said. The plan ultimately collapsed.

Chakraborty, when asked by Reuters whether there were persistent differences with the CEO and if these had been raised at the board level, said: "There is a structure to handling various governance and accountability issues.

"If the issues need a finality in the Board, then they are placed there. It's a well-laid-out process and it evolves along with changing times," he said via a text message, without elaborating or commenting on other questions.

Besides the differences between the two, the relationship of Jagdishan with some other top executives has also been a concern for investors and staff. That concern came to the fore in an analyst call that the bank held after Chakraborty's resignation.

When asked on the call if there was a power struggle at the management level, especially between the CEO and deputy MD Kaizad Barucha or other top executives, Jagdishan played down those concerns.

"Kaizad is a very dear colleague, and I have the highest regard and respect for him," he said on the call, and added that Barucha, who has the responsibility for the bank's entire loan book, "will only get more responsibilities as we move forward".

Barucha did not respond to Reuters request for comment.

MERGER OVERHANG

The board acrimony also adds to concerns internally about limited gains from the lender's $40 billion merger with its largest shareholder in 2023, and about a stock that has underperformed peers over the past five years, said the sources.

HDFC Bank's absorption of housing financier HDFC Ltd in 2023 added assets of 7.23 trillion rupees ($77 billion) but brought in a relatively small deposit base, squeezing margins, hurting returns and dragging on growth.

The bank's lending margin has dipped to 3.35% now from 4.1% before the merger. It also had to slow asset growth to help steady its loan-to-deposit ratio, which rose to around 110% post merger from 86%–87% prior to it.

While the CEO inevitably bears some responsibility when a stock underperforms, the bank's challenges stem from merger-related execution risks, said Gary Tan, a portfolio manager in the emerging markets equity team at Allspring Global Investments, which owns HDFC shares.

Steve Lawrence, CIO of U.S.-based Balfour Capital Group, said the current situation at HDFC Bank was one of "cyclical execution pressure rather than structural leadership failure".

"Markets demand clarity - and when execution visibility declines, leadership perception becomes a factor in valuation compression," he said.

($1 = 94.6275 Indian rupees)

(Reporting by Ira Dugal and Gopika Gopakumar; Additional reporting by Vivek Kumar M in Bengaluru; Editing by Sumeet Chatterjee and Muralikumar Anantharaman)

(([email protected]; +91-9833024892;))

Adds details on structure, background in paragraphs 6-7, 13-16

By Vibhuti Sharma, Jayshree P Upadhyay and Aditya Kalra

MUMBAI, March 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock listing, which will see the company raise no new funds and allow exits for some shareholders, four sources familiar with the matter said.

The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shares to the public.

Reliance did not respond to Reuters queries.

"We don't need new money," said one of the sources, explaining the decision not to raise funds from the IPO.

Over the past six years, Jio has diversified into AI and raised funds from investors including KKR KKR.N, General Atlantic, Silver Lake and the Abu Dhabi Investment Authority.

The offer-for-sale route is increasingly becoming a lucrative exit route for global investors and how large IPOs are executed in India. Other recent IPOs via this route included the 2024 listing of Hyundai Motor HYUN.NS and LG Electronics India LGEL.NS in 2025.

In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.

LONG LIST OF INVESTMENT BANKS

The hiring of banks brings the parent of India's largest telecom operator Reliance Jio, with over 500 million users, closer to being possibly the country's largest IPO worth more than $4 billion.

Jio's roster of 17 advisors includes Wall Street giants Citigroup C.N and JPMorgan JPM.N, and Indian investment banks Axis Capital, ICICI Securities, IIFL IIFL.NS, and Kotak Mahindra Capital, said two of the sources, who added that the plan is to file for regulatory approval this month.

Other banks on the list include the securities arms of Goldman Sachs GS.N, Morgan Stanley MS.N and Bank of America BAC.N, they added.

Goldman Sachs and Bank of America declined to comment. The other investment banks did not respond to requests for comment.

The news on hiring of banks and prospectus filing timeline for Jio's listing come as the Mideast conflict has cast a cloud over global capital market deals, with a handful getting pulled.

Strong IPO momentum in India, however, seems intact with the largest exchange operator, the National Stock Exchange of India, saying last week it had hired 20 banks to manage its IPO.

It's not unusual for a large number of banks to vie for a mandate and get hired for large equity public offerings of private enterprises, as they compete for league table credit in a market where deals exceeding a billion dollars are rare.

In the country's largest-ever IPO mandate, 18 investment banks were involved in the public offering of shares by asset manager ICICI Prudential AMC in 2025, which saw a share sale of $1.2 billion.

(Reporting by Vibhuti Sharma and Jayshree P Upadhyay in Mumbai and Aditya Kalra in Delhi; Editing by Sumeet Chatterjee, Joe Bavier and Bernadette Baum)

(([email protected];))

By Aditya Kalra and Miho Uranaka

NEW DELHI/TOKYO, Dec 17 (Reuters) - Japan's Mitsubishi UFJ Financial Group (MUFG) 8306.T is set to invest more than $4 billion for a roughly 20% stake in Indian non-bank financial company Shriram Finance SHMF.NS, with the deal to be closed on Friday, two people with knowledge of the matter said.

MUFG declined to comment, while Shriram Finance did not respond to Reuters' queries.

It would be the latest in a string of overseas expansion deals by Japanese banks, which are looking for stronger growth than is available in a domestic market where the population is ageing and declining. India has become a popular destination due to its fast-growing economy.

Larger Japanese rival Sumitomo Mitsui Financial Group 8316.T bought 24.2% of Indian lender Yes Bank YESB.NS this year, starting with a 20% stake for $1.6 billion in May.

Japan's Mizuho Securities said on Wednesday it would buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR KKR.N for up to 81 billion yen ($523 million).

Bloomberg reported on Monday that MUFG may invest more than $3.2 billion in the Shriram Finance deal, but the two sources said the amount will be much higher.

While both said the amount will be in excess of $4 billion, one of the sources put the number at about $4.3 billion, or 390 billion Indian rupees. They declined to be named because the details are confidential.

Shriram Finance late on Tuesday told Indian stock exchanges that its board would meet on Friday to discuss and approve a proposal to raise funds, without elaborating.

Shriram Finance is one of India's biggest retail non-banking financial entities, offering credit solutions for commercial vehicles, cars, scooters and personal loans. Its assets under management stood at 2.8 trillion Indian rupees, or $31 billion, as of the end of September.

(Reporting by Aditya Kalra in New Delhi and Miho Uranaka in Tokyo; Additional reporting by Vibhuti Sharma and Gopika Gopakumar; Editing by Jamie Freed)

(([email protected]; +85228436590; Reuters Messaging: [email protected]))

MUMBAI, Nov 11 (Reuters) - India's HDB Financial Services has accepted bids worth 4.60 billion rupees ($52.3 million) for the reissue of 7.3274% August 2028 bond and 7.3268% October 2030 bond, three bankers said on Tuesday.

The company had invited commitment bids for the issues on Monday, they said.

HDB Financial Services did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on November 11:

*Size includes base plus greenshoe for some issues

($1 = 87.8950 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

(([email protected]))

Adds details throughout

Nov 6 (Reuters) - State Bank of India SBI.NS, the country's largest lender by assets, said on Thursday it will sell a 6.3% stake in SBI Funds Management via the latter's initial public offering.

SBI Funds Management, a joint venture between SBI and French fund management firm Amundi, oversees mutual funds and investment portfolios for retail and institutional investors.

The french company will sell a 3.7% stake via the IPO, which will likely be completed in 2026, according to the Indian lender.

SBI currently holds a 61.9% stake in SBI Funds Management, while Amundi has a 36.4% stake.

The divestment plan comes at a time of intense activity in India's IPO market.

The country is expected to see a record year for IPO fundraise in 2025 - surpassing previous year's $20.5 billion proceeds - with offerings from firms including Tata Capital TATC.NS, LG Electronics India LGEL.NS and HDB Financial HDBF.NS making India the third biggest venue for primary market fundraising.

(Reporting by Nishit Navin; Editing by Sonia Cheema)

(([email protected];))

Oct 15 (Reuters) - HDB Financial Services HDBF.NS:

• DIVIDEND 2 RUPEES PER SHARE

Source text: ID:nNSE5nNMKv

Further company coverage: HDBF.NS

(([email protected];))

BENGALURU, Oct 14 (Reuters) - LG Electronics India LGEL.NS made a stellar stock market debut on Tuesday, listing at a premium of 50% to its issue price of 1,140 rupees per share.

This is the best listing for a billion-dollar Indian initial public offering since Eternal ETEA.NS, the parent company of food delivery and restaurant-listing platform Zomato, debuted in 2021.

Here's a look at how India's other billion-dollar IPOs have done this decade:

SBI CARDS AND PAYMENT SERVICES (MARCH 2020)

The credit card arm SBIC.NS of India's largest lender, State Bank of India SBI.NS, slid about 13% in market debut, as the COVID-19 pandemic worries dampened enthusiasm for one of the country's largest public listings.

ETERNAL, FORMERLY KNOWN AS ZOMATO (JULY 2021)

The food and grocery delivery platform listed at a premium of 51.3% to its issue price, giving the startup a valuation of about $13 billion and setting the stage for other domestic startups waiting in the wings with listing plans of their own.

ONE97 COMMUNICATIONS (NOVEMBER 2021)

The parent of digital payments start-up, Paytm PAYT.NS, made one of the worst major Indian stock market debuts as its shares listed at a 9% discount and closed the first day 27% below its offer price due to concerns over profitability and lofty enterprise value.

LIFE INSURANCE CORPORATION OF INDIA (MAY 2022)

Shares of India's biggest insurer LIFI.NS slid nearly 9% in market debut amid broader market volatility and concerns over its market share loss to rivals.

HYUNDAI MOTOR INDIA (OCTOBER 2024)

The automaker's shares HYUN.NS fell 1.5% on listing after retail investors gave a lukewarm reception to the country's biggest-ever IPO amid concerns about a lofty valuation and an auto industry slowdown.

SWIGGY (NOVEMBER 2024)

The SoftBank-backed food and grocery delivery platform SWIG.NS listed at a 5.6% premium and extended gains through the day, signaling growing investor confidence in the segment.

NTPC GREEN ENERGY (NOVEMBER 2024)

The renewable energy firm's shares NTPG.NS jumped as much as 14% on their debut, as investors bet on the country's growing clean energy needs and the company's diversified portfolio.

HDB FINANCIAL SERVICES (JULY 2025)

Non-banking financial lending arm HDBF.NS of the country's largest private lender HDFC Bank HDBK.NS jumped about 13% on listing, notching a valuation of $8.2 billion, as investors bet on long-term growth prospects in the world's most populous country.

TATA CAPITAL (OCTOBER 2025)

India's third-largest non-bank lender TATC.NS made a muted debut, listing slightly higher than its issue price at a $15.78 billion valuation, with investors seemingly not that keen on the Tata Group's first IPO in two years due to a crowded IPO market and lack of valuation discount to listed peers.

(Reporting by Vivek Kumar M; Editing by Rashmi Aich)

(([email protected]))

MUMBAI, Sept 24 (Reuters) - India's HDB Financial Services has accepted bids worth 2.75 billion rupees ($30.99 million), for the reissue of its 7.3274% August 2028 bond, three bankers said on Wednesday.

It will offer a yield of 7.3150%, and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 24:

*Size includes base plus greenshoe for some issues

($1 = 88.7388 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))

MUMBAI, Sept 11 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 5 billion rupees ($56.7 million) through the sale of bonds maturing in two years and 11 months, three bankers said on Thursday.

It has invited coupon and commitment bids for the issue later in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 11:

*Size includes base plus greenshoe for some issues

($1 = 88.1200 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

(([email protected]))

MUMBAI, Aug 28 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 5 billion rupees ($57.08 million), including a greenshoe option of 3.75 billion rupees, through the sale of bonds maturing in three years and one month, three bankers said on Thursday.

It has invited coupon and commitment bids for the issue on Friday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 28:

* Size includes base plus greenshoe for some issues

($1 = 87.60 Indian rupees)

(Reporting by Khushi Malhotra, Dharamraj Dhutia; Editing by Harikrishnan Nair)

(([email protected], [email protected]))

MUMBAI, Aug 20 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 10 billion rupees ($114.90 million), through the reissue of 8.33% August 2027 bonds, three bankers said on Wednesday.

It has invited coupon and commitment bids for the issue on Thursday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 20:

*Size includes base plus greenshoe for some issues

($1 = 87.0350 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

(([email protected]))

MUMBAI, Aug 12 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 5 billion rupees ($57 million), including a greenshoe option of 3 billion rupees, through the sale of bonds maturing in three years and 40 days, three bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 12:

*Size includes base plus greenshoe for some issues

($1 = 87.6530 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Sumana Nandy)

(([email protected]))

July 15 (Reuters) - HDB Financial Services Ltd HDBF.NS:

• JUNE-QUARTER NET PROFIT 5.68 BILLION RUPEES

• JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 44.65 BILLION RUPEES

Source text: [ID:]

Further company coverage: HDBF.NS

(([email protected];;))