Muthoot Finance to buy IDBI Bank’s MF business

Gold loan financier Muthoot Finance Ltd is in advanced stages of acquiring IDBI Asset Management Ltd, the mutual fund unit of Life Insurance Corp. of India (LIC)-owned private sector lender IDBI Bank Ltd, three people aware of the development said. “The deal is expected to close this week. Initially, the binding offers had come in from Muthoot Finance and Vikas […]

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