Last month, HDFC Bank concluded the sale of 90% stake in HDFC Credila to private-equity firms BPEA EQT and ChrysCapital for INR9,553 crore, making it one of the largest PE deals in the Indian market. So, how is the sector poised to grow and what gives NBFCs an edge over banks in the education-loan space?
Education finance is a complex and dynamic sector.
There are too many variables the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
ET first reported on May 29 that BPEA EQT was set to acquire the education loans business from HDFC group. ET reported that the buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period.
Abu Dhabi Investment Authority (ADIA), Singapore’s GIC, Blackstone, BPEA EQT (formerly Baring Private Equity Asia), and Warburg Pincus are some of the suitors that have expressed interest