HDFC Credila sold to PE firms for Rs 9,060 cr

New Delhi: A consortium of private equity firms, including ChrysCapital, has acquired a 90 per cent stake in HDFC Credila Financial Services for Rs 9,060 crore, HDFC Ltd said. The sale of HDFC Credila, the education loan arm of Housing Development and Finance Corporation (HDFC), comes ahead of the completion of HDFC’s merger with HDFC Bank. “HDFC Ltd, HDFC Bank Ltd and HDFC Credila Financial Services Ltd, today announced they have entered into definitive agreements to sell a majority stake in HDFC Credila to an investor consortium of BPEA EQT and ChrysCapital,” HDFC said in a stock exchange filing on Tuesday.