Infinity Partners News Today

The management has said that the acquisition is in line with GMMs strategy of building a mixing technologies business.

Anti-trust regulator CCI on Tuesday cleared the proposed purchase of 90 per cent equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital. The buyers are Kopvoorn, part of the BPEA EQT group, and three ChrysCapital group entities -- Moss Investments, Infinity Partners and Defati Investments Holding.

The housing finance firm said the dates for merger with HDFC Bank and record date are 'subject to the completion of certain formalities'

HDFC is in the process of merging with HDFC Bank. RBI had advised that the shareholding of HDFC Ltd in HDFC Credila has to be brought down to 10 per cent within two years from the effective date of the amalgamation.

HDFC will retain a 9.99% stake in HDFC Credila, which provides education loans to students pursuing higher education in India and overseas.

The corporation, HDFC, executed definitive documents on June 19, proposing the divestment or sale of approximately 13,29,49,207 equity shares of HDFC Credila.

The sale of HDFC Credila, the education loan arm of the Housing Development and Finance Corporation (HDFC), comes ahead of the completion of HDFC's merger with HDFC Bank

BPEA EQT group, in partnership with ChrysCapital, has inked a deal to acquire around 90% stake in education finance company HDFC Credila Financial Services Ltd ......

In April 2023, Reserve Bank of India had advised HDFC to bring down its stake in HDFC Credila to 10%

India Business News: MUMBAI: HDFC has agreed to sell 90% of its stake in its education loan subsidiary, HDFC Credila, to Barings Private Equity and Chryscapital group for .