Development Services Private Ltd News Today

A daily round-up of the most interesting articles to help jump-start the day.

HDFC Bank will divest from HDFC Education and Development Services Private Ltd using Swiss challenge method. An interested partys bid serves as anchor for counter offers, with purchaser determined post challenge completion. HDFC Education serves three schools.

HDFC Bank will finalise the purchaser on the basis of the completion of the Swiss challenge process

The bank stated that it will finalize the purchaser based on the completion of the Swiss challenge process. Following this, HDFC Bank and the successful bidder will proceed to enter into definitive documentation for the transaction., Companies News - Times Now

Baring Private Equity Asia EQT is all ready to acquire India-based Housing Development Finance Corp's (HDFC) educational loan unit - Credila Financial Services - in a deal of approximately $1.3 billion to $1.5 billion. Baring has formed a partnership with ChrysCapital for the transaction. The buyout fund will take over 90 per cent of the company, with HDFC retaining the remaining 10 per cent stake, which it is likely to sell over the next two years.