EQT’s Credila Is Said to Slow Down IPO Plan on US Visa Rules (1)

Credila Financial Services Ltd. is slowing down its plans for an initial public offering in Mumbai as the company seeks to update its latest financials, according to people familiar with the matter.

Credila, backed by private equity firm EQT AB and one of India’s biggest education loan providers, has pushed back the share sale to sometime before the end of 2025, the people said, asking not to be identified because the information isn’t public.

Credila filed publicly for the IPO in June with the aim of launching this month and raising as much as 50 billion rupees ($560 million) through ...