HDFC looking to foray into education biz
17 Mar 10 11:08 AM
Money Control
At a recent CLSA conference, the housing finance major is said to have disclosed its intention to foray into education business, reports Nayantara Rai of CNBC TV18. The company is likely to use proceeds from the HDFC Standard Life IPO for its education foray. HDFC Standard Life is expected to come out with an IPO, but the market is unaware of the timing of the issue.
HDFC is also likely to use the IPO funds to up education financing as well as make dividend payouts.