•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Amarchand, Desai & Diwanji on sale of IDFC AMC to top French asset manager Natixis

Desai & Diwanji has advised IDFC Mutual Fund on its estimated Rs 300 crore ($66m) sale of a 25 per cent stake in IDFC Asset Management Company to French asset manager Natixis, which was advised by Amarchand Mangaldas Mumbai.

Wholly-owned IDFC subsidiary IDFC Asset Management Company was advised by Desai & Diwanji Mumbai-based partner Apurva Diwanji together with associate partner Devika Cariapa, senior associate Natasha Treasurywala and associate Aparna Nair.

Natixis was represented by Amarchand Mangaldas Mumbai-based partner Vandana Shroff, principal associate Gurpreet Ashar and associate Ratnadeep Roychowdhury.

According to VCCircle the value of the 25 per cent stake sale was approximately Rs 300 crore, valuing the Indian asset management company at roughly Rs 1,200 crore.

Natixis is one of the world’s top 15 asset managers by size of its managed assets.

Click to show 1 comment
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.