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The Chatterjee Group to acquire stakes in IDFC Securities from IDFC FHCL

The necessary definitive agreement will be signed among the parties shortly

Press Trust of India  |  New Delhi 

The Chatterjee Group
The Chatterjee Group

Infrastructure finance firm IDFC on Saturday said it, along with Company (IDFC FHCL), has entered into a pact with (TCG) that one or more entities of will acquire stakes in Ltd from

"IDFC Limited and Company Ltd have entered into an understanding with ["TCG"]... one or more entities of will acquire equity stake in Limited from in one or more tranches over a period of time," an IDFC statement said.

The necessary definitive agreement will be signed among the parties shortly. The said transaction will conclude on the receipt of the requisite regulatory approvals as applicable, the statement added.

First Published: Sat, February 09 2019. 18:10 IST
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