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"With most indirect tax decisions shifted to the Goods and Services Tax Council, recent Budgets have become less eventful from a sectoral perspective"
More acquisitions likely going ahead, say industry experts
IDFC and IDFC Financial Holdings will sell their entire shareholding in IDFC AMC and IDFC AMC Trustee to a consortium led by Bandhan Financial Holding Limited for Rs 4,500 crore
Singapore's sovereign wealth fund GIC, private equity player ChrysCapital are partners of the consortium
A consortium led by Bandhan Financial Holdings is leading the race to acquire IDFC mutual fund business.
The complaint has been filed with the Securities and Exchange Board of India (Sebi) as well as with the US Securities and Exchange Commission (US SEC)
With the end of the financial year approaching, fund houses are launching fixed maturity plans (FMPs). New fund offers (NFOs) of FMPs from SBI Mutual Fund and IDFC Mutual Fund are on at present.
Expect broader markets to bottom out, with valuations capping further downside
Exit only if the fund manager or the owner changes, and new one is not someone you want to trust your money with
Shares will be purchased through IDFC Financial Holding Company