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HDFC Ltd sells 90% stake in education loan subsidiary to BPEA EQT consortium

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HDFC Ltd is selling a 90% stake in its education loan affiliate HDFC Credila to a consortium for Rs 9,060 crore, subject to regulatory approval. The move will allow HDFC Credila to expand and give HDFC Ltd more resources for its core business. The consortium aims to widen its presence in the education loan market, which is growing rapidly with more students looking for financing options. The deal is a win-win for both parties and pending approvals, is expected to be completed soon.

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