KKR-backed Avendus is in the fray to acquire IDBI Asset Management Company, months after talks fell through in its attempt to buy IDFC Asset Mutual Fund.
Along with Avendus, four other fund houses—Mahindra, IIFL, Edelweiss and Motilal Oswal are said to be in the fray to acquire IDBI AMC, sources told Moneycontrol.