<p>HDFC is purchasing the 41 per cent equity from DSP Merrill Lynch Capital Ltd, an Indian subsidiary of global financial services major Merrill Lynch.<br /><br />Commenting on the deal, HDFC’s Senior General Manager (Treasury) V S Rangan told PTI that it was “a very small investment” at less than Rs 10 crore for the company, but marked its entry into a fast-growing market.<br /><br />“Education loans provide a large business opportunity in the country with more and more people going for higher studies,” Rangan said.<br /><br />Rangan said the company would disburse loan for studies in India as also overseas.</p>
<p>HDFC is purchasing the 41 per cent equity from DSP Merrill Lynch Capital Ltd, an Indian subsidiary of global financial services major Merrill Lynch.<br /><br />Commenting on the deal, HDFC’s Senior General Manager (Treasury) V S Rangan told PTI that it was “a very small investment” at less than Rs 10 crore for the company, but marked its entry into a fast-growing market.<br /><br />“Education loans provide a large business opportunity in the country with more and more people going for higher studies,” Rangan said.<br /><br />Rangan said the company would disburse loan for studies in India as also overseas.</p>