HDFC Bank plans to sell its entire stake in HDFC Edu to Vama Sundari Investments for ₹192 crore in two phases.

HDFC Bank plans to sell its entire 100% stake in HDFC Education and Development Services to Vama Sundari Investments for ₹192 crore, priced at ₹9.60 per share. The divestment will occur in two phases: 91% by October 31, 2024, and the remaining 9% by June 30, 2025. This move adheres to a Reserve Bank of India directive requiring full divestment post-merger, ending HDFC Edu's subsidiary status. HDFC Edu focuses on educational services.

October 07, 2024
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