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HDFC Bank Sells Majority Stake in HDFC Edu
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HDFC Bank Sells Majority Stake in HDFC Edu

Hdfc Bank (HDB) has released an update.

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HDFC Bank has completed the sale of a 91% stake in its subsidiary, HDFC Education and Development Services, to Vama Sundari Investments for Rs. 174.72 crore, marking a significant move in its strategic portfolio management. This transaction was conducted at arm’s length and was necessitated by directives from the Reserve Bank of India related to a broader amalgamation scheme. Investors may find this development noteworthy as it reflects HDFC Bank’s ongoing efforts to comply with regulatory requirements and optimize its business structure.

For further insights into HDB stock, check out TipRanks’ Stock Analysis page.

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