India's HDB Financial Services, a unit of HDFC Bank, has approved raising 25 billion rupees ($299 million) through a fresh issue of shares in its initial public offering (IPO), the lender said on Friday,

Give 10 seo friendly key search terms and a social media post HDFC Bank on Friday said that its board has given in-principle approval to initiate the process of listing equity shares of its subsidiary HDB Financial Services.

HDB Financial Services Ltd, a subsidiary of HDFC Bank, has received approval for an IPO. The IPO will comprise a fresh issue of shares worth ₹2,500 crore and an OFS.

State-owned Solar Energy Corporation of India (SECI) on Friday pledged to invest 180 billion rupees ($2.16 bln) in equity for renewable capacity expansion by 2030, and announced plans to go public in the next one to two years.

NTPC Green Energy, the renewable energy arm of India’s National Thermal Power Corporation (NTPC), has filed for an initial public offering (IPO) with the Securities and Exchange Board of India to raise $1.19bn. The IPO will consist solely of fresh equity shares, with no offer-for-sale aspect.

Prime Minister Narendra Modi recently extolled the country’s ambitious journey toward becoming a global leader in renewable energy. India’s rapid journey towards becoming a solar energy powerhouse is one of the most significant transformations in its modern history.