HDFC Bank has decided to sell its 100 per cent stake in HDFC Education and Development Services, the bank notified via a regulatory filing yesterday.
The transaction will be undertaken through the Swiss challenge method, said the bank.
According to the statement, HDFC Bank has, on 30th March, 2024, entered into a binding term sheet with an interested party, and the offer contained in such term sheet shall serve as the anchor/base bid to seek counter offers from other parties interested in participating in the aforesaid Swiss challenge process.
