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of <h1>Competition Commission of India Approves 99.96% Stake Acquisition in IDFC AMC by Bandhan, ChrysCapital, and GIC.</h1> The Competition Commission of India has approved the acquisition of stakes in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited by Bandhan Financial Holdings Limited, ChrysCapital, and GIC. The transaction involves Bandhan Financial Holdings Limited, Lathe Investment Pte. Ltd., Tangerine Investments Limited, and Infinity Partners acquiring a 99.96% stake in IDFC AMC and a 100% stake in IDFC Trustee. Bandhan Financial Holdings is a subsidiary of Bandhan Financial Services, while Lathe is owned by GIC. Tangerine and Infinity are associated with ChrysCapital. IDFC AMC manages the IDFC Mutual Fund and other investment services.
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