HDFC, India’s major mortgage lender will soon purchase approximately 41% stake in the Credila Financial Services. The corporation has decided to buy stake in the privately owned company from DSP Merrill Lynch Capital Ltd. In a proclamation, the financial major said that the acquirement of the equity stake is subject to compliance with appropriate norms. DSP Merrill Lynch Capital Ltd holds a minority equity stake in Credila Financial Services, which is an education loan provider. read more
See original here:
HDFC plans to purchase 41% stake in Credila Financial
Related IndiaNewsbox Buzz:
- HDFC to acquire nearly 41% stake in Credila Housing Development Finance Corporation (HDFC) today announced that...
- L&T plans to sell stake in financial units Indian engineering and construction firm Larsen & Toubro has...
- Infosys BPO plans to purchase US company Infosys Technologies, India's second major software services firm, has...
- DSP Merrill Lynch Equity Fund sells 0.93% stake in Aban Offshore DSP Merrill Lynch Equity Fund , on late Friday,...
- HDFC plans to compete with SBI, offers loan at 8.25% In a new move to compete with SBI, the...