PE Fund Investments
Bandhan Financial, GIC & ChrysCapital consortium to acquire IDFC Mutual Fund for Rs.4,500 -Cr
A consortium comprising Bandhan Financial Holdings Limited (BFHL) and private equity investors GIC (GIC) and ChrysCapital (CC) is to acquire IDFC Asset Management Company Ltd (IDFC AMC) and IDFC AMC Trustee Company Ltd from publicly listed IDFC Ltd, for INR 4,500 crore. Citigroup acted as the exclusive financial advisor and Cyril Amarchand Mangaldas as the legal advisors to the seller. JM Financial acted as the exclusive financial advisor and Khaitan & Co. and Trilegal as the legal advisors to the buyers. Established in 2000, IDFC AMC managed over INR 1,15,000 crore in Asset Under Management (AUM) at the end of March 31, 2022 (over 10 lakh folios including institutions, corporates, family offices and individual clients). IDFC AMC is India's 9th largest asset manager by AUM, with presence in over 50+ cities and investors in 750+ cities and towns.
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