Race for IDFC MF: Bandhan consortium holds edge ahead of IDFC board meet – CNBCTV18 – DC Initiative on Racial Equity
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Buy / Sell IDFC MF share

A consortium led by Kolkata based Bandhan Group and joined by Singapore’s GIC and private equity firm ChrysCapital is likely to have emerged as frontrunner in the ongoing mega sale process of IDFC Mutual Fund (MF), multiple industry sources with knowledge of the matter told Moneycontrol.

On March 24, Moneycontrol was the first to report that consortiums of the Bandhan Group and Invesco MF had been picked for the final leg of the divestment exercise, which is being run by investment bank Citi.

“A board meet by IDFC Ltd is scheduled on April 6 to consider interim dividend. The deal is also likely to come up for discussions and as of now the Bandhan combine is being seen as the preferred bidder, though the consortium led by Invesco MF is also in the fray,” said one of the persons cited above.

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