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Business News/ Market / Stock-market-news/  IDFC Alternatives to sell infra asset management business
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IDFC Alternatives to sell infra asset management business

IDFC Alternatives enters into an agreement to sell its infrastructure asset management business to Global Infrastructure Partners India for an undisclosed amount

After the sale, IDFC Alternatives will continue to manage private equity and real estate funds, IDFC informed BSE in a filing. Photo: MintPremium
After the sale, IDFC Alternatives will continue to manage private equity and real estate funds, IDFC informed BSE in a filing. Photo: Mint

New Delhi: IDFC Ltd on Saturday said its subsidiary IDFC Alternatives has entered into an agreement to sell its infrastructure asset management business to Global Infrastructure Partners India for an undisclosed amount.

After the sale, IDFC Alternatives will continue to manage private equity and real estate funds, IDFC informed BSE in a filing.

“IDFC Alternatives Ltd, a wholly owned step down subsidiary of IDFC Ltd through IDFC Financial Holding Company Ltd, has entered into a definitive agreement with Global Infrastructure Partners India, for the sale of its infrastructure asset management business," IDFC said. The sale will conclude on the receipt of the requisite regulatory approvals.

“IDFC Alternatives will continue to manage Private Equity and Real Estate funds and the aforementioned sale to Global Infrastructure Partners India will not have any impact on its Private Equity and Real Estate verticals," it added.

Global Infrastructure Partners (GIP) is a leading global, independent infrastructure investor.

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Published: 28 Apr 2018, 03:09 PM IST
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