Bandhan-led group to buy IDFC MF, deal valued at ₹4,500 crore - Economic Times
4/6/2022 12:00:00 AM3 years 1 month ago
by Atmadip Ray and Saikat Das
by Atmadip Ray and Saikat Das
The consortium led by the Kolkata-based owner of Bandhan Bank trumped the US based Invesco that partnered with buyout firm Warburg Pincus and Kedaara Capital, paying 3.6% of the assets under management.
Bandhan Financial Holdings won the bid to buy IDFC Asset Management Company in a deal valued at 4,500 crore, marking the entry of a financier that began its life as a bottom-of-the-pyramid lender int… [+4277 chars]
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