Hdfc Bank (HDB) has released an update.
HDFC Bank has announced its intention to sell its entire stake in HDFC Education and Development Services following an RBI directive. The bank will use the Swiss challenge method for the divestment, inviting counter offers to an initial binding term sheet signed with an interested party. This strategic move aims to finalize the purchaser through a transparent and competitive process, with further details to be disclosed upon completion.
For further insights into HDB stock, check out TipRanks’ Stock Analysis page.
