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IDFC AMC Renamed Bandhan AMC

Published on December 05, 2022
Current Context: The Securities and Exchange Board of India (SEBI) approved the acquisition of IDFC Asset Management Company (AMC) by the Bandhan-led consortium.
IDFC AMC Renamed Bandhan AMC
  • Bandhan Financial Holdings Ltd (BFHL), General Insurance Company of India (GIC), and ChrysCapital formed a consortium to acquire IDFC AMC and IDFC AMC Trustee Company from IDFC for INR 4,500 Cr.
  • After the acquisition, BFHL will own 60% of IDFC AMC, while GIC and ChrysCapital will own 20% each.
  • The deal was approved by:
  1. Competition Commission of India (CCI) in August 2022
  2. Reserve Bank of India (RBI) in November 2022
  3. Securities and Exchange Board of India (SEBI) on 30th November 2022
  • After the acquisition, IDFC AMC will be renamed Bandhan AMC and IDFC Mutual Fund will be called Bandhan Mutual Fund.
  • Bandhan Financial Holdings Ltd was established in 2014 with its headquarters in Kolkata.


Q.1 Which of the following company recently acquired IDFC Asset Management Company (AMC)?
a. Saptagiri Grameena Bank
b. Bandhan Financial Holdings Ltd
c. Tamilnad Mercantile Bank Ltd.
d. Dhanlaxmi Bank Ltd.
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