IDFC board okays proposal to divest MF business

Existing shareholders have questioned the IDFC board on the slow progress of value unlocking, with veteran investor Madhusudan Kela saying it is frustrating to be a shareholder of the company and asking the management to provide a timeline to shareholders for sale of the asset management business. Industry sources say this has accelerated the sale of the mutual fund business now.

via Economictimes

No comments