IDFC’s AMC and Stock Broking units on sale

IDFC is discussing with private Indian lenders and Private Equity Firms such as Bain Capital and Warburg Pincus funds to sell its asset management and stock broking units of worth around Rs 6,000 crore. The Mutual Fund business would be worth of about Rs. 4000-4500 crores.

IDFC Mutual Fund, with more than Rs 70,000 crore of assets under management, is valued at around 6-8 per cent of its total assets. If the deal cracks out, then this would be one of the largest AMC share sales as IDFC falls under one of the top 10 largest asset managers currently.

Popular from web