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New Deal

New Deal

Announced

LIC Mutual Fund to acquire the mutual fund business of IDBI Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Lic Mutual Fund

bidder

Lic Mutual Fund

Idbi (mutual Fund Business)

target

Idbi (mutual Fund Business)

Idbi Bank

vendor

Idbi Bank

Sources

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Tags

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Majority

Domestic

Acquisition

India

Investment Banking

Pending

mutual funds

Private

Friendly

Single Bidder

Synopsis

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LIC Mutual Fund, an asset manager, agreed to acquire the mutual fund business of IDBI Bank, a development finance institution. Financial terms were not disclosed.

Service Providers

Dealmakers (4)

Himanshoo Tembe

Himanshoo Tembe

Senior Associate at AZB & Partners
Deal Bio
Total Deals
24/
Total Value
£36,714M
Shri T. S. Ramakrishnan

Shri T. S. Ramakrishnan

Managing Director and CEO at LIC MUTUAL FUND
Deal Bio
Total Deals
1/
Total Value
value n/a
Rushabh Maniar

Rushabh Maniar

Partner at AZB & Partners
Deal Bio
Total Deals
11/
Total Value
£16,574M
Rakesh Sharma

Rakesh Sharma

CEO at IDBI BANK
Deal Bio
Total Deals
3/
Total Value
£113M

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