HDFC Bank said on Wednesday it has completed the sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore to private equity firms BPEA EQT and ChrysCapital. After the deal, HDFC Credila will cease to be a subsidiary of the bank.
“HDFC Bank
The acquirer companies include Kopvoorn BV, Moss Investments, Defati Investments Holding B V and Infinity Partners. HDFC Bank will maintain a 9.99% stake in HDFC Credila. The…