- The consortium consists of Chrys capitals and Singapore's sovereign fund GIC. The proposal includes the acquisition of a 99.69 percent stake in IDFC Asset Management Company Ltd and a 100 percent stake in IDFC AMC Trustee Company Ltd.
- Bandhan Financial Holdings ltd, Lathe Investment Pte. Ltd, Tangerine Investment ltd, and Infinity Partners will acquire the stakes.
- IDFC AMC is the asset management company of IDFC mutual fund and IDFC Trustees is a trustee company of IDMF.
- Bandhan Financial Holdings is a wholly owned subsidiary of Bandhan Financial Services Ltd and is the promoter of Bandhan bank Ltd.
- The lathe is wholly owned by Singapore-based GIC Ventures Private Ltd. Tangerine Investments is a subsidiary of Chrys Capital Group and Infinity partners is a partnership company.
Question:
Q.1 CCI cleared the deal worth _______ wherein Bandhan Financial Holdings-led consortium will buy stakes in IDFC Asset Management and IDFC AMC trustee.
a. Rs 3000 cr
b. Rs 3500 cr
c. Rs 4000 cr
d. Rs 4500 cr
a. Rs 3000 cr
b. Rs 3500 cr
c. Rs 4000 cr
d. Rs 4500 cr