IDFC LIMITED - Completion Of Divestment Of IDFC Asset Management Company Limited And IDFC AMC Trustee Company Limited
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| 31 Jan 2023 | |
| This is with reference to our letter dated April 06, 2022, about the decision of the Board of Directors of IDFC Limited and IDFC FHCL approving the divestment of IDFC AMC and IDFC TCL for INR 4,500 crores (on a fully diluted basis and subject to customary price adjustments at the closure) to the consortium comprising of Bandhan Financial Holding Limited, Lathe Investment Pte. Ltd. (affiliate of GIC), Tangerine Investments Limited and Infinity Partners (affiliates of ChrysCapital) ("Transaction'). In this connection, we would like to inform you that, upon receipt of all necessary regulatory approvals and completion of mutually agreed closing related actions, IDFC and IDFC FHCL have completed the Transaction today. The details as required under Regulation 30 of the SEBI LODR read with SEBI Circular dated September 9, 2015, are enclosed as Annexure A.The above information is also available on the website of the Company: www.idfclimited.com. Kindly take the aforesaid on record. | |
| View all announcements for IDFC LIMITED | Source: BSE India |
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