For a consideration of Rs 9552.73 cr
HDFC Bank as on 19 March 2024 sold 14,01,72,180 equity shares of HDFC Credila to the acquirers under scheme of amalgamation. Accordingly, HDFC Credila has ceased to be a subsidiary of HDFC Bank.The acquirers include (a) Kopvoorn B.V., (b) Moss Investments, (c) Defati Investments Holding B.V., and (d) Infinity Partners. Kopvoorn B.V., is part of the BPEA EQT Group, Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners are part of the ChrysCapital group.
HDFC Bank has received a consideration of Rs 9552.73 crore from this sale.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app