IDFC AMC gets SEBI nod for change in ownership

Category : Business and economics Published on: December 03 2022

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IDFC Asset Management Company Limited (AMC), one of the top 10 AMCs in the country, has received regulatory clearances from regulators for its proposed change in ownership.
The IDFC Mutual Fund (MF) is proposed to be renamed as Bandhan Mutual Fund with Bandhan Financial Holdings Limited (BFHL) becoming the Sponsor of the Mutual Fund.
The IDFC AMC was set up by IDFC financial company in 2010. It is the 9th largest Mutual fund in India.
Bandhan Financial Holdings (BFHL) will hold 60% of the shares in the IDFC AMC, and ChrysCapital and GIC will hold 20% each.