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BPEA EQT and ChrysCapital to acquire majority stake in HDFC Credila Back
(20 Jun 2023)
HDFC, HDFC Bank and HDFC Credila Financial Services (HDFC Credila), 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 Credila is the one of the largest non]bank lenders in the Indian education financing market.

The consortium valued HDFC Credila at a Pre]Money Valuation of Rs 10,350 crore and will infuse primary proceeds of c. Rs 2,000 crore into the company.

HDFC will continue to remain invested with a stake of 9.99% in HDFC Credila.

Established in 2006 and headquartered in Mumbai, HDFC Credila is one of Indiafs premier non]bank lenders in the education finance space. The NBFC provides education loans to students pursuing higher education in India and overseas. The Company has extended loans to over 1.24 lakh customers since inception with the current loan book at over Rs 15,000 crore.