Housing Development Corporation Ltd (HDFC) has entered into definitive agreements with Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners to divest 90% in HDFC Credila Financial Services, it’s 100% subsidiary for ₹9,060.49 crore.
Kopvoorn B.V. is a part of the BPEA EQT group. Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners are a part of the ChrysCapital group.
This is as per the recommendation by the Reserve Bank of India (RBI) to HDFC Bank that HDFC previous to the merger with the previous should convey down the stake of HDFC Ltd in HDFC Credila to 10%.
After the transaction HDFC Credila will stop to be a subsidiary of HDFC Ltd, thr mortgage lender mentioned in a submitting.
