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HDFC Bank proposes to sell its subsidiary HDFC Education - Vimarsana News

HDFC Bank proposes to sell its subsidiary HDFC Education

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

HDFC Bank Proposes To Sell Its Subsidiary HDFC Education - Vimarsana News

HDFC Bank Proposes To Sell Its Subsidiary HDFC Education

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

Source: india.com
HDFC Bank News: HDFC Bank Proposes to Sell 100% Stake In... | Companies News - Vimarsana News

HDFC Bank News: HDFC Bank Proposes to Sell 100% Stake In... | Companies News

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 EQT set to buy HDFC's education loan unit for up to $1.5 billion – ET - Vimarsana News

Baring EQT set to buy HDFC's education loan unit for up to $1.5 billion – ET

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.