MUMBAI: Shares of HDB Financial Services rose nearly 14% on the day of listing in the stock exchanges closing at Rs 841 against the issue price of Rs 740. At the closing price the company was valued at Rs 69,758 crore.The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding on Friday last week amid encouraging participation from institutional buyers.Speaking at the listing ceremony, HDFC Bank MD & CEO, Sashidhar Jagadishan said that the listing will provide HDB with the independent capital and visibility it needs to accelerate its growth trajectory pursue new opportunities and further solidify its position in the market.“We believe HDB is exceptionally well positioned to capitalize a large runway for credit to underserved segment that our country provides by its strong fundamentals… We will continue to support HDB as it navigates the opportunities and challenges for the public market, always with an eye on long term value creation,” said Jagdishan.
