HDFC Bank has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital.
Economy Business
HDFC Bank has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital. The deal, announced in June 2023, was part of mandated regulatory requirements before the completion of mortgage lender Housing Development Finance Corp's merger with HDFC Bank. The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month.
Founded- August 1994, Mumbai
CEO- Sashidhar Jagdishan
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