IDFC To Sell Its Infrastructure Asset Management Business To Global Infra
2018-04-28 Merger and Acquisitions Other Services Western India
IDFC Alternatives Limited, a wholly owned step down subsidiary of IDFC Limited through IDFC Financial Holding Company Limited, has entered into a definitive agreement with Global Infrastructure Partners India, for the sale of its infrastructure asset management business. This sale will conclude on the receipt of the requisite regulatory approvals as applicable. IDFC Alternative will continue to manage Private Equity and Real Estate funds and the aforementioned sale to Global Infrastructure Partners India will not have any impact on its Private Equity and Real Estate verticals.