HDB Financial Services: Japan-based MUFG to acquire 20% stake in HDFC Bank's non-banking arm at close $10 bn valuation

[Bilgin]

HDB Financial Services: Japan-based MUFG to acquire 20% stake in HDFC Bank's non-banking arm at close $10 bn valuation The transaction will be one of the largest deals in India's shadow banking sector. HDFC Bank currently owns around 95 per cent of HDB Financial Services, with the remaining 5 per cent held by employees under an ESOP scheme.