Question

In October 2024, HDFC Bank officially announced the divestment of its entire 100% stake in HDFC Education and Development Services Pvt. Ltd (HDFC Edu) to Vama Sundari Investments for ₹192 crore. What is the price per share for this transaction?

• A. ₹ 5.60 per share
• B. ₹ 8.40 per share
• C. ₹ 9.60 per share
• D. ₹ 10.80 per share

Answer 1

Answer:

C. ₹ 9.60 per share

Read Explanation:

In October 2024, HDFC Bank sold its 100% stake in HDFC Education and Development Services Pvt. Ltd (HDFC Edu) to Vama Sundari Investments for ₹192 crore, at a price of ₹9.60 per share HDFC Bank announced the divestment of its 100% stake in HDFC Education and Development Services Pvt. Ltd (HDFC Edu) in October 2024. The total transaction value was ₹192 crore. The stake was sold to Vama Sundari Investments

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