HDFC to sell 90% stake in education finance arm to BPEA EQT, ChrysCap for $1.3b

HDFC to sell 90% stake in education finance arm to BPEA EQT, ChrysCap for $1.3b

Photo credit: HDFC

Indian mortgage lender Housing Development Finance Corp (HDFC) said on Tuesday that it will sell 90% of its stake in its education finance arm, HDFC Credila, to a consortium of ChrysCapital and BPEA EQT for $1.3 billion.

Edited by: Pramod Mathew