On Wednesday, HDFC Bank said that it has successfully sold its interest in HDFC Credila, the education finance division, to private equity companies BPEA EQT and ChrysCapital for ₹95.53 billion ($1.15 billion).
The transaction, which was made public in June of last year, was required by regulatory regulations prior to the conclusion of the merger between HDFC Bank and mortgage lender Housing Development Finance Corp.
The agreement closes before HDFC Bank’s fourth-quarter earnings report the following month.
Although HDFC Bank reported a third-quarter profit that above expectations, experts noted that the bank was experiencing liquidity challenges and that its margins were weak, which led to a sharp decline in the share price of the bank.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2026, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
