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HCL's Shiv Nadar to buy HDFC schools

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HDFC Bank will divest its stake in HDFC Education and Development Services to Vama Sundari Investments, linked with the Shiv Nadar group, for Rs 192 crore. The divestment follows an RBI directive, with 91% to be sold by October 2024 and the rest by June 2025. HDFC Edu runs schools in Pune, Bengaluru, and Gurugram.

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