M&A M&A
Vanguard, Nippon Life India, Axis AMC among suitors for IDFC MF
Source Mint (opens in a new tab)
Vanguard Group Inc, besides local asset managers Nippon Life India Asset Management Ltd and Axis Asset Management Co Ltd, are contenders to acquire IDFC Ltd's mutual fund business in a deal that could be worth INR 7,000-10,000 crore.