GMM Pfaudler shares advance after US subsidiary acquires MixPro
The management has said that the acquisition is in line with GMM's strategy of building a mixing technologies business.
Source: moneycontrol.com
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hdfc credila: CCI clears proposed acquisition of HDFC Credila Financial Services
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.
Source: indiatimes.com
HDFC says effective date of July 1 for merger with HDFC Bank is ' tentative'
The housing finance firm said the dates for merger with HDFC Bank and record date are 'subject to the completion of certain formalities'
Source: businesstoday.in
HDFC to sell 90% stake in Credila to Baring EQT, ChrysCapital
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.
Source: indianexpress.com
HDFC sells education loan arm HDFC Credila for Rs 9,060 Cr
HDFC will retain a 9.99% stake in HDFC Credila, which provides education loans to students pursuing higher education in India and overseas.
Source: yourstory.com