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IDFC to sell 25% in MF arm to US asset manager

20 Dec 2010 Evaluate

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.

IDFC-(Amalgamated) Share Price

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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