divestment
| March 31, 2024, 9:24 a.m.
HDFC Bank to Sell Stake in HDFC Education and Development Services
HDFC Bank has announced plans to divest its entire stake in HDFC Education and Development Services Private Ltd. through the Swiss challenge method. The bank has entered into a binding term sheet with an interested party, which will serve as the anchor bid for the Swiss challenge process. HDFC Bank will finalize the purchaser based on the completion of this process, after which definitive documentation will be executed. HDFC Education is involved in providing services to three educational schools.
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