BENGALURU (Reuters) – Japan’s MUFG will buy a 20% stake in HDB Financial Services, a non-banking unit of Indian private lender HDFC Bank, valuing its IPO-bound arm at $9 billion-$10 billion, business daily Economic Times reported on Friday, citing people in the know.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
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