HDFC Bank plans to sell its 100% stake in HDFC Education using the Swiss challenge method.

HDFC Bank plans to sell its 100% stake in HDFC Education and Development Services Pvt. Ltd using the Swiss challenge method. The bank has entered into a binding term sheet with an interested party, with the offer acting as the anchor/base bid for the Swiss challenge process. Interested parties can submit counter offers, and HDFC Bank will finalise the purchaser after the completion of the Swiss challenge process. HDFC Education provides services to three education schools.