HDFC Bank announced the successful sale of its stake in education finance arm HDFC Credila for Rs 9,553 crore ($1.15 billion) to private equity firms BPEA EQT and ChrysCapital. The sale, mandated by regulatory requirements preceding the merger of mortgage lender Housing Development Finance Corp with HDFC Bank, was finalized, clearing the way for the merger. This development precedes HDFC Bank’s fourth-quarter results next month. Despite a better-than-expected profit in the third quarter, analysts observed weak margins and liquidity pressures, leading to a significant decline in HDFC Bank’s share price.