HDFC Bank Offloads Stake in HDFC Credila

  • HDFC Bank successfully completes a major stake sale in its education loan subsidiary, HDFC Credila Financial Services.
  • A consortium of private equity firms, including BPEA EQT and ChrysCapital, acquired a 90% stake in HDFC Credila.
  • The sale valued HDFC Credila at ₹9,060 crore (approx. $1 billion).
  • This divestment follows a regulatory requirement for the merged entity of HDFC Bank and HDFC to reduce its holding in Credila.
  • The merger streamlined the process, as merging Credila's smaller assets with the merged bank's much larger base would have been time-consuming and involved complex approvals.

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