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Muthoot Finance to acquire IDBI's mutual fund business for Rs 215 crore
November 22, 2019 | By Moneycontrol.com
business
The transaction is expected to be completed by end of February 2020 subject to receipt of necessary regulatory approvals, Muthoot Finance said.
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Gold loan provider Muthoot Finance (MFIN) has bought IDBI Mutual Fund (IDBI MF) on November 22, paving way for company's entry into mutual funds space. "MFIN today entered into a definitive agreement to acquire IDBI Asset Management Limited and IDBI MF Trust
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