Hdfc Bank (HDB) has released an update.
HDFC Bank has successfully completed the sale of a significant portion of its shares in HDFC Credila to a group of acquirers, following a scheme of amalgamation and in compliance with regulatory requirements set by the RBI. The bank has divested approximately 90% of HDFC Credila’s equity, retaining a 9.99% stake in line with the RBI’s mandate. The transaction has received all necessary approvals, including those from the RBI and the Competition Commission of India.
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