HDFC Bank has completed sale of 18,20,00,000 equity shares of face value of Rs 10 each of HDFC Education and Development Services (HDFC Edu), corresponding to 91% of its paid-up share capital to Vama Sundari Investments (Delhi), (Vama Sundari). Accordingly, HDFC Edu has ceased to be a subsidiary of the Bank with effect from October 18, 2024.
The remaining 9% stake would be divested no later than June 30, 2025. The sale price of Rs. 9.60 per share for 18,20,00,000 shares, aggregating to Rs 174.72 crore.
HDFC Bank is one of India’s premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: