MUMBAI -- Shares in Indian nonbank lender HDB Financial Services rose 15%, at one point, from their initial public offering price in their market debut on Wednesday, as investors flocked the country's largest IPO this year.
IPO
India's HDB Financial rises 15% on first trading day after year's largest IPO
Lender's $1.46bn offer was oversubscribed nearly 17 times over last week
HDB Financial Services, a unit of India's largest private lender, HDFC Bank, provides a mix of personal and enterprise loans. © Reuters
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