Three sets of bidders, namely a consortium of Bandhan Group, GIC and ChrysCapital, a consortium of Invesco MF, Warburg Pincus and Kedaara Capital and a promoter group entity of IndusInd Bank are likely to submit binding bids for IDFC MF, multiple industry sources in the know told Moneycontrol.
This is expected to be the biggest mutual fund transaction in recent times and follows the recent sale of L&T MF to HSBC MF in December for around Rs 3,188 crore.
