HDFC Bank in talks with credit funds to sell 20% of HDB Financial
The talks with domestic credit funds are part of the ongoing value discovery process for HDB Financial. Five funds are engaged with HDFC Bank to each acquire a 4-7 percent stake in the non-bank lender.
The discussions with the private credit funds were initiated after HDFC Bank’s conversations with large investors about a possible stake sale hit a rough patch due to differences in valuations.
