Bandhan Group acquisition of IDFC Mutual Fund (2022)

Tue, 12 May 2026 00:00:00 +0000

The Bandhan Group acquisition of IDFC Asset Management Company in 2022 was a landmark consolidation in the Indian mutual fund industry, transferring a mid-sized AMC with approximately Rs 1.17 lakh crore in assets under management from the IDFC Financial Institutions group to Bandhan Financial Holdings Limited, the holding company of Bandhan Bank and the broader Bandhan financial services franchise. The transaction represented one of the largest AMC acquisition by value in Indian history, with the consideration estimated at approximately Rs 4,500 crore based on disclosed financial terms.

HSBC acquisition of L&T Mutual Fund (2022)

Tue, 12 May 2026 00:00:00 +0000

The HSBC Asset Management India acquisition of L&T Investment Management Limited in May 2022 consolidated two mid-sized mutual fund franchises into a combined entity with approximately Rs 82,000 crore of assets under management, making HSBC Mutual Fund one of the top-ten AMCs in India by AUM. The transaction involved HSBC Asset Management (India) Private Limited acquiring L&T Investment Management from L&T Finance Holdings Limited, the listed NBFC arm of the Larsen and Toubro engineering and infrastructure conglomerate, for an enterprise value of approximately Rs 3,188 crore.

2022 on WebNotes

Bandhan Group acquisition of IDFC Mutual Fund (2022)

HSBC acquisition of L&T Mutual Fund (2022)