(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
Japan's MUFG to buy 20% stake in HDFC Bank's IPO-bound arm, reports ET
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.
