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IDBI Bank, lender with worst asset quality, looks to sell mutual fund unit

Finance

30 May, 2019

IDBI Bank, lender with worst asset quality, looks to sell mutual fund unit

IDBI Bank Ltd has put its mutual fund business on the block, joining a bunch of lenders that are selling ......

Reliance Capital to exit mutual funds business, sell stake to Nippon Life

Finance

23 May, 2019

Reliance Capital to exit mutual funds business, sell stake to Nippon Life

Reliance Capital Ltd, the financial services arm of Anil Ambani-led Reliance Group, is exiting the mutual fund business by selling ......

LIC-owned IDBI Bank to shed non-core assets, NPAs as part of turnaround plan

Finance

12 March, 2019

LIC-owned IDBI Bank to shed non-core assets, NPAs as part of turnaround plan

IDBI Bank and its new majority shareholder, state-owned Life Insurance Corporation of India (LIC), have chalked out a plan which ......

Amid RCom woes, Reliance Capital looks to sell stake in mutual fund biz

Finance

21 February, 2019

Amid RCom woes, Reliance Capital looks to sell stake in mutual fund biz

Reliance Capital Ltd, the diversified financial services firm promoted by the Anil Ambani-led Reliance Group, has offered to offload its ......

Centrum, Ranjan Pai invest in Jana; Essel may sell some of its finserv biz

General

06 February, 2019

Centrum, Ranjan Pai invest in Jana; Essel may sell some of its finserv biz

Bengaluru-headquartered Jana Small Finance Bank Ltd has raised Rs 300 crore ($42 million at current exchange rate) from Centrum Group ......

AXA may sell full stake in its mutual fund JV with Bank of India

Finance

08 January, 2019

AXA may sell full stake in its mutual fund JV with Bank of India

AXA Investment Managers, a part of French insurance giant AXA Group, is looking to fully exit its mutual fund joint ......

Dewan Housing to sell stake in mutual fund business to JV partner

Finance

18 December, 2018

Dewan Housing to sell stake in mutual fund business to JV partner

Dewan Housing Finance Corporation Ltd (DHFL) said on Tuesday it will sell its entire stake in the mutual fund business ......

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Exclusive: Tata group's mutual fund arm is setting up a PE vertical

Markets

12 December, 2018

Exclusive: Tata group's mutual fund arm is setting up a PE vertical

Tata Asset Management Ltd, the mutual fund arm of diversified business conglomerate Tata group, is in the midst of setting ......

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IDFC's mutual fund biz attracts interest from peers, market veteran

Finance

20 November, 2018

IDFC's mutual fund biz attracts interest from peers, market veteran

Non-banking financial company IDFC Ltd has found several takers for its mutual fund unit — albeit at a lower valuation ......

HDFC Asset Management, Nekkanti Sea Foods get regulatory nod for IPOs

Finance

25 June, 2018

HDFC Asset Management, Nekkanti Sea Foods get regulatory nod for IPOs

HDFC Asset Management Company Ltd, India’s second-largest mutual fund company by assets, and Visakhapatnam-based seafood firm Nekkanti Sea Foods Ltd ......