India: HDFC to buy remaining stake in education loan subsidiary for $56.4m

India: HDFC to buy remaining stake in education loan subsidiary for $56.4m

Photo: Vivek Prakash/ Bloomberg

Mortgage lender Housing Development Finance Corp (HDFC) on Monday said it plans to acquire the remaining 9.12% stake in its higher education financing subsidiary HDFC Credila Financial Services Private Limited (HDFC Credila) for up to 395 crore.