Bandhan consortium to acquire IDFC AMC for Rs 4,500 crore
Zee News
The deal is subject to receipt of necessary regulatory approvals and customary closing conditions.
New Delih: A consortium of Bandhan Financial Holdings, GIC and ChrysCapital will acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country's asset management space.
The deal is subject to receipt of necessary regulatory approvals and customary closing conditions, according to a regulatory filing.
IDFC Ltd and the consortium have entered into a definitive agreement to acquire IDFC Asset Management Company Limited (IDFC AMC) and IDFC AMC Trustee Company Limited.
The deal will be for a consideration of Rs 4,500 crore, the filing said.
"This is a highly tracked acquisition and will be the largest deal in the Indian asset management industry to date," it added.
