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HDFC Bank sells 91% stake in HDFC Edu
Oct-21-2024

HDFC Bank has completed sale of 18,20,00,000 equity shares of face value of Rs 10 each of HDFC Education and Development Services (HDFC Edu), corresponding to 91% of its paid-up share capital to Vama Sundari Investments (Delhi), (Vama Sundari). Accordingly, HDFC Edu has ceased to be a subsidiary of the Bank with effect from October 18, 2024.

The remaining 9% stake would be divested no later than June 30, 2025. The sale price of Rs. 9.60 per share for 18,20,00,000 shares, aggregating to Rs 174.72 crore.

HDFC Bank is one of India’s premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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