EQT Corporation has recently announced that it will purchase a 90% stake in HDFC Credila for INR103.5bn ($1.4bn). The consortium led by BPEA EQT private equity fund, comprised of EQT and co-investor ChrysCapital, is set to purchase the majority stake in the Indian student loan firm, while HDFC will retain the remaining 9.99% stake in the company. Under the deal, the consortium will invest INR20bn in HDFC Credila’s next phase of growth, with the goal of supporting postgraduate studies for Indian students. With India’s growing middle class, the demand for higher education is increasing, making the investment a strategic move for EQT and consortium partners.
EQT-Led Consortium Acquires HDFC Credila for INR 103.5 Billion in Deal
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
