IDFC Ltd has agreed to sell a 25% stake in IDFC Asset Management Co Ltd to US based Natixis Global Asset Management, LP or NGAM, a US based privately owned investment manager.
IDFC Asset management is the 10th largest asset manager in India managing over Rs18,300 crore. IDFC Asset Management wants a foreign partner that will help it tap a share of the capital that flows into the Indian market, boosting its fee income and improving its margins.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 870.30 |
| Shriram Finance | 886.35 |
| Aditya Birla Capital | 336.55 |
| Chola Invest & Fin. | 1453.20 |
| Tata Capital | 321.35 |
| View more.. | |
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