HDFC Credila Financial Services Limited has raised an estimated amount of ₹2500 crore in two separate issuances, wherein it raised ₹1500 crores approx. from South Korea’s Shinhan Bank and balance from a rights issue.
SNG & Partners advised and assisted HDFC Credila on this fundraise. The firm advised in structuring and negotiating the terms of the transactions, ensuring compliance with regulatory requirements while optimizing financial outcomes for the client.
Amit Aggarwal (Managing Partner – Corporate & Non-Contentious Practice), provided strategic inputs and the transaction team was led by Aditya Vikram Dua (Partner), along with Devyani Dhawan (Of Counsel), Aniket Sawant (Principal Associate), Ayushi Parnami (Senior Associate) and Rachit Munjal (Senior Associate).
HDFC Credila Financial Services Limited is a non-banking financial company dedicated to education loans. HDFC Credila was earlier a subsidiary of HDFC Limited and came under the HDFC Bank umbrella post merger.
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