Bandhan Financial, ChrysCapital and GIC team up to buyout IDFC Mutual Fund for ₹4,500 cr - Mint

4/6/2022 12:00:00 AM3 yearsago
by Anirudh Laskar
by Anirudh Laskar
While Bandhan Bank will bring in 60% of the investment to acquire IDFC AMC, ChrysCapital and GIC will invest 20% each to acquire the mutual fund business entirely from the shareholders of IDFC
MUMBAI : A consortium of Bandhan Banks parent Bandhan Financial Holdings Ltd (BFHL), private equity firm ChrysCapital and Singapores sovereign fund GIC will acquire IDFC Asset Management Co. Ltd for… [+3519 chars]
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