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Education loans-focused lender Credila Financial Services Ltd, formerly known as HDFC Credila Financial Services Ltd, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). In a public announcement on Friday, Credila said it has "filed pre-draft red herring prospectus with the Sebi and stock exchanges ... in relation to the proposed initial public offering of its equity shares on the main board". This development follows a significant change in the company's ownership during the financial year ended March 31, 2024. A private equity consortium of EQT and ChrysCapital acquired a 90.01 per cent stake in Credila for Rs 9,060 crore, including a fresh equity infusion of Rs 2,003.61 crore. Of this, Rs 700 crore was infused in June 2023 by the erstwhile HDFC Ltd, while the remaining R
IPO-bound overseas education loan company Credila suspected fraud during the September quarter
As per the NIRF rankings, students admitted to any of the 860 top-ranking quality higher educational institutions (QHEIs) in India will be eligible for the PM-Vidyalaxmi scheme
Cabinet allocates Rs 3,600 crore to the scheme which helps meritorious students from economically disadvantaged backgrounds pursue higher education
Whether it's tuition fees, books, or even a laptop, education loans help cover the costs and make education more affordable
Lenders have reduced exposure to those studying in Canada to 15 per cent in FY24
The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO
In UP, the number of digital transactions jumped nearly threefold to 11.74 billion in FY23 from 4.26 billion in FY22
The donation made by former Professor Ruth Gottesman stands as one of the largest charitable contributions to an educational institution in the United States
The 2024 Study Abroad Trends Report 3.0 find that study-abroad aspirants prefer countries in the European Union, prioritising education quality, affordability, and job opportunities
The National Education Policy, introduced in 2020, states that 6% of the country's GDP should go towards education. Here is a look on how the country has fared in over a decade of education
CARE Ratings indicated that Indian students in Canada contribute nearly CAD 10 billion annually, a figure projected to rise in the long term
Experts told Mint that the difficult job market in Punjab has led to young individuals seeking opportunities abroad
By proactively managing your payments, you can ease the financial impact of the loan and potentially save on overall interest expenses
Education finance is a complex and dynamic sector. There are too many variables - the course, the calibre of students, the universities, and the job prospects once the course is over
Banks are in a bind as Kerala High Court directs them to exercise more compassion with students, as guarantors frequently default on education loan repayments
The recent surge in gold prices has made the yellow metal shinier as it fetches more funds for borrowers. Significantly, gold prices shot to Rs 60,000 per 10 grams from about Rs 50,000 a year ago
Some recent moderation in credit growth; delinquencies reducing except in credit cards, study loans
The education loans by NBFCs would grow moderately but still be healthy as compared with the previous fiscal year, CRISIL said