IDFC AMC Renamed Bandhan AMC

Current Context: The Securities and Exchange Board of India (SEBI) approved the acquisition of IDFC Asset Management Company (AMC) by the Bandhan-led consortium.

• 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.

Question:

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.