NEW DELHI (DealStreetAsia) -- A consortium comprising Indian private lender Bandhan Financial Holdings, local homegrown private equity giant ChrysCapital and Singaporean sovereign wealth fund GIC has entered into a definitive agreement to acquire IDFC Asset Management and IDFC AMC Trustee from IDFC for 45 billion rupees ($600 million).
IDFC announced the sale on Wednesday. This could mark one of the largest transactions in Indian asset management industry. It is currently awaiting regulatory approvals from relevant Indian authorities.
