HDFC Bank sells Rs 9,552 cr stake in HDFC Credila to BPEA EQT and ChrysCapital before Q4 results.

HDFC Bank has completed the sale of its Rs 9,552 cr stake in education finance arm HDFC Credila to private equity firms BPEA EQT and ChrysCapital. The deal, announced last June, was a part of regulatory requirements before Housing Development Finance Corp's merger with HDFC Bank. The stake sale comes ahead of HDFC Bank's Q4 results, as it faces weak margins and liquidity challenges.