DBS Bank s IFSC banking unit in Gujarat International Finance Tec-City (GIFT City) said in a statement that it led the syndicated loan. The funds will be used for growing the retail education loan franchise, it said.
Anti-trust regulator CCI on Tuesday cleared the proposed purchase of 90 per cent equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital. The buyers are Kopvoorn, part of the BPEA EQT group, and three ChrysCapital group entities Moss Investments, Infinity Partners and Defati Investments Holding.
Private equity and venture capital (PE/VC) funds investments into Indian entities declined by nearly a fourth to USD 27.5 billion in January-June 2023 against the year-ago period, a report said on Thursday. However, in value terms, investments were up 33 per cent against July-December 2022, the report by industry lobby Indian Venture and Alternate Capital Association (IVCA) and consultancy firm EY said.
HDFC is in the process of merging with HDFC Bank. RBI had advised that the shareholding of HDFC Ltd in HDFC Credila has to be brought down to 10 per cent within two years from the effective date of the amalgamation.