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1. What percentage of its stake in HDFC Education and Development Services Pvt. Ltd has HDFC Bank divested to Vama Sundari Investments?
HDFC Bank has divested its entire stake in HDFC Education and Development Services Pvt. Ltd (HDFC Edu) to Vama Sundari Investments for ₹192 crore. The transaction, valued at ₹9.60 per share, is part of the bank's strategy to comply with regulatory requirements and streamline operations following the merger with HDFC Ltd. The divestment occurs in two phases, with 91% sold by October 31, 2024, and the remaining 9% by June 30, 2025. This move fulfils the Reserve Bank of India's directive for HDFC Bank to fully divest from HDFC Edu within two years of the merger.