CCI greenlights 90% HDFC Credila stake purchase
ECONOMY & POLICY

CCI greenlights 90% HDFC Credila stake purchase

The Competition Commission of India (CCI) has given its green light to the intended acquisition of a 90% equity stake in HDFC Credila Financial Services by a consortium of private equity firms including BPEA EQT and ChrysCapital. The purchasing entities consist of Kopvoorn, a part of the BPEA EQT group, along with three ChrysCapital-affiliated entities: Moss Investments, Infinity Partners, and Defati Investments Holding.

The proposed transaction involves the consortium acquiring approximately 90% of the total shareholding and corresponding voting rights of HDFC Credila, as stated in an official press release.

HDFC Credila Financial Services (HDFC Credila) operates as a registered non-banking financial company (NBFC) under the purview of the Reserve Bank of India. Its primary business revolves around providing retail education loans.

The CCI has officially granted its approval for the aforementioned deal.

Back in June, HDFC Ltd, HDFC Bank, and HDFC Credila jointly revealed their definitive agreements to divest a majority ownership stake in HDFC Credila to the private equity consortium consisting of BPEA EQT and ChrysCapital, at a total value of Rs 90.06 billion.

It's worth noting that deals surpassing a certain predefined threshold necessitate regulatory clearance. The regulatory body oversees and prevents unfair business practices within the market landscape.

The Competition Commission of India (CCI) has given its green light to the intended acquisition of a 90% equity stake in HDFC Credila Financial Services by a consortium of private equity firms including BPEA EQT and ChrysCapital. The purchasing entities consist of Kopvoorn, a part of the BPEA EQT group, along with three ChrysCapital-affiliated entities: Moss Investments, Infinity Partners, and Defati Investments Holding.The proposed transaction involves the consortium acquiring approximately 90% of the total shareholding and corresponding voting rights of HDFC Credila, as stated in an official press release.HDFC Credila Financial Services (HDFC Credila) operates as a registered non-banking financial company (NBFC) under the purview of the Reserve Bank of India. Its primary business revolves around providing retail education loans.The CCI has officially granted its approval for the aforementioned deal.Back in June, HDFC Ltd, HDFC Bank, and HDFC Credila jointly revealed their definitive agreements to divest a majority ownership stake in HDFC Credila to the private equity consortium consisting of BPEA EQT and ChrysCapital, at a total value of Rs 90.06 billion.It's worth noting that deals surpassing a certain predefined threshold necessitate regulatory clearance. The regulatory body oversees and prevents unfair business practices within the market landscape.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?