HDFC Bank will sell its subsidiary HDFC Education

HDFC Bank will sell its subsidiary HDFC Education

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According to the information, “In this regard, HDFC Bank has entered into a binding agreement with an interested party on March 30, 2024.” The offer contained in the agreement will serve as a base bid to receive counter offers from other interested parties…”

New Delhi. HDFC Bank HDFC Education and Development Services Pvt. Ltd. Has decided to sell 100 percent of its stake. HDFC Bank said in a communication to the stock exchange on Saturday that the sale will be done through Swiss challenge (bidding process).

According to the information, “In this regard, HDFC Bank has entered into a binding agreement with an interested party on March 30, 2024.” The offer contained in the agreement will serve as a base bid to receive counter offers from other interested parties…” It said HDFC Bank will finalize the buyer based on the completion of the Swiss challenge process. It said that HDFC Education is providing services to three educational schools.

Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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