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IPO under HDFC would have been an ideal outcome: Credila founder after $1.3-bn PE deal

IPO under HDFC would have been an ideal outcome: Credila founder after $1.3-bn PE deal

20 Jun 2023

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IPO under HDFC would have been an ideal outcome: Credila founder after $1.3-bn PE deal

Credila founders Ajay Bohora (left) and Anil Bohora

Education loan provider HDFC Credila Financial Services Ltd has found new buyers in private equity firms BPEA EQT (formerly Baring Private Equity Asia) and ChrysCapital. Credila’s parent, mortgage lender HDFC Ltd, said on Monday it would sell a 90% stake in the company to BPEA EQT and ChrysCapital in a deal worth ......