New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What method is HDFC Bank using to sell its 100% stake in

    HDFC Education?
    A Direct sale Correct Answer Incorrect Answer
    B Auction Correct Answer Incorrect Answer
    C Swiss challenge Correct Answer Incorrect Answer
    D Tender offer Correct Answer Incorrect Answer
    E Private placement Correct Answer Incorrect Answer

    Solution

    HDFC Bank has chosen the Swiss challenge method for the sale of its entire stake in HDFC Education. This method allows other potential buyers to submit counter offers to an initial offer, ensuring transparency and possibly higher bids for the asset.

    Practice Next

    Relevant for Exams: