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

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?