BENGALURU, March 20 Reuters India39;s HDFC Bank said on Wednesday it has completed the sale of its stake in education finance arm HDFC Credila for 95.53 billion rupees 1.15 billion to private equity firms BPEA EQT and ChrysCapital.

The deal, announced in June last year, was part of mandated regulatory requirements before the completion of mortgage lender Housing Development Finance Corp39;s merger with HDFC Bank.

The conclusion of the deal comes ahead of HDFC Bank39;s fourthquarter results next month.

While HDFC Bank posted a betterthanexpected profit for the third quarter, analysts pointed out that its margins were weak and there were liquidity pressures at the bank, resulting in a steep drop in its share price. 1 83.0070 Indian rupees

Reporting by Rama Venkat in Bengaluru; Editing by Savio D39;Souza

Source Reuters