HDFC Bank divests 100% stake in HDFC Edu for Rs 192 crore:

Daily Current Affairs / HDFC Bank divests 100% stake in HDFC Edu for Rs 192 crore:

Change Language English Hindi

Category : Business and economics Published on: October 11 2024

Share on facebook

India's largest private sector lender HDFC Bank said that its board has approved 100% stake sale of subsidiary HDFC Education to Vama Sundari Investments in an all-cash deal amounting to Rs 192 crore. The sale price is Rs. 9.60 per share.
In an exchange notification, the lender said it would divest a 91% stake in HDFC Edu on or before October 31, 2024,
and the remaining 9% stake will be divested before June 30, 2025. With this sale HDFC Edu would cease to be a subsidiary of the bank.

Jammu & Kashmir won their first-ever Ranji Trophy, defeating Karnataka with dominant performances by Qamran Iqbal and Sahil Lotra.
Read More....
A 14th-century Singapore shipwreck revealed Yuan Dynasty blue-and-white porcelain, highlighting Mongol-era maritime trade.
Read More....
Late actress Catherine O’Hara posthumously won the SAG Award for her performance in “The Studio.”
Read More....
West Bengal signed an MoU with GIZ and SMCG for basin-based masterplans for Ichhamati and Jalangi rivers.
Read More....
FPIs invested ₹22,615 crore in Indian equities in February 2026, the highest in 17 months.
Read More....
Deepak Gupta assumed charge as CMD of GAIL India, tenure until 2029.
Read More....
Droupadi Murmu launched four women-centric schemes in Delhi, including the Pink National Common Mobility Card and financial support initiatives, to enhance women’s mobility, safety and economic empowerment.
Read More....
Vice President C. P. Radhakrishnan laid the foundation stone of Chetana Ganashram in Thrissur, Kerala.
Read More....
Shri Jyotiraditya M. Scindia to lead India’s participation at Mobile World Congress 2026 in Barcelona.
Read More....
ANVESH-2026 concluded at NIFTEM-Kundli, showcasing global innovations in sustainable and healthy foods.
Read More....

HDFC Bank divests 100% stake in HDFC Edu for Rs 192 crore: