Rajat Sharma added Bandhan Bank and Panacea Biotech to his portfolios. Here’s why“Panacea Biotech restructured the company around Covid. They have paid off all their debt. It is a debt-free company. They got out of low p...
08 Oct, 2023, 09.20 AM IST
Sebi allows PE funds to become MF sponsors; enhances role, accountability of trusteeIn addition, the board of Sebi has decided to permit "Self Sponsored AMCs" to continue the mutual fund business. This is subject to asset m...
29 Mar, 2023, 07.52 PM IST
IDFC MF to be rebranded as Bandhan MFRegulators had objected to the use of Bandhan Bank logo for mutual fund operations. IDFC Asset Management Company was acquired by the conso...
11 Mar, 2023, 11.00 PM IST
Sebi mulls allowing private equity funds to become sponsor of mutual fundThe capital contributed to the AMC should be locked-in for a period of 5 years. Further, the minimum sponsor stake of 40 per cent should al...
13 Jan, 2023, 07.06 PM IST
Year-End Special: Acquisitions and mergers of mutual funds in 2022Here's a look at the mergers and acquisitions that happened in 2022 and the changes that they brought along with them for the investors.
21 Dec, 2022, 01.58 PM IST
Tata in final talks to buy majority stake in UTI AMC from PSU fin cosOfficials close to the development said internal approvals are in and Tata has received in-principle nod from the other big investor in the...
19 Dec, 2022, 06.40 AM IST
IDFC Mutual Fund to be renamed Bandhan Mutual FundIDFC AMC is one of the top 10 AMCs in the country with an average assets under management of over Rs 1.2 lakh crore. It has investment prod...
01 Dec, 2022, 10.37 AM IST
Bandhan Financial Holdings gets Sebi nod to buy IDFC’s stake in IDFC AMCThe Reserve Bank of India and Competition Commission of India had already approved the takeover.
29 Nov, 2022, 08.46 PM IST
Tata Asset Management considers buying 45% in UTI AMCAs of June 30, assets under management (AUM) of UTI AMC and Tata AMC were ₹2.24 lakh crore and ₹88,367 crore, respectively. UTI AMC, listed...
16 Aug, 2022, 10.57 AM IST
CCI clears Rs 4,500 crore deal between Bandhan Fin Holdings-led consortium, IDFCThe transaction includes acquisition of 99.96 per cent stake in IDFC Asset Management Company Ltd and 100 per cent shareholding in IDFC AMC...
02 Aug, 2022, 08.02 PM IST
Bandhan consortium buys IDFC Mutual Fund. What should investors do?IDFC Mutual Fund is set to be acquired by a consortium comprising Bandhan Financial Holdings Limited, GIC and ChrysCapital for Rs 4,500 cro...
08 Apr, 2022, 02.03 PM IST
Bandhan-led group to buy IDFC MF, deal valued at ₹4,500 croreThe consortium led by the Kolkata-based owner of Bandhan Bank trumped the US based Invesco that partnered with buyout firm Warburg Pincus a...
07 Apr, 2022, 12.41 PM IST
IDFC plunges 7% after Bandhan-led group wins bid to acquire IDFC AMCThe board of directors of IDFC Ltd and the board of directors of IDFC Financial Holding Company at their respective meetings on Wednesday h...
07 Apr, 2022, 10.36 AM IST
Bandhan-led group wins bid to own IDFC MFThe consortium led by the Kolkata-based owner of Bandhan Bank trumped the US based Invesco that partnered with buyout firm Warburg Pincus a...
06 Apr, 2022, 10.10 PM IST
PE firms partner each of four IDFC MF suitors; TPG-IndusInd, Bandhan Bank-GIC among consortia in frayThe TPG-IndusInd combination is competing with three other such groups that have got formed ahead of the mid-March binding bid deadline. It...
28 Feb, 2022, 09.40 AM IST
Equitas, IDFC, Ujjivan jump as RBI panel recos may collapse holding co discountThe central bank’s panel on private banks has backed the continuation of Non-Operative Financial Holding Company (NOFHC) as the preferred s...
23 Nov, 2020, 11.30 AM IST
Shareholders nod sought for demerging IDFC's finance business into bankIDFC has sought shareholders' approval for demerging its financial undertaking into a new entity to be named 'IDFC Bank'.
12 Mar, 2015, 11.29 PM IST