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IDFC - Updates on Sale of 25% stake each of IDFC Mutual Fund Business

With reference to earlier announcement dated December 16, 2010 regarding Sale of 25% stake each of IDFC Mutual Fund Business, Infrastructure Development Finance Company Ltd (IDFC) has now informed BSE that all the requisite regulatory / statutory approvals pertaining to this transaction have been received and the said deal is now completed. Accordingly, 25% of the total issued and paid up Equity Share Capital of each of IDFC Asset Management Company Limited and of IDFC AMC Trustee Company Limited, plus one equity share of each of these companies have been transferred to Natixis Global Asset Management Asia Pte Ltd.

The Company has submitted to BSE a copy of Press release on the subject matter.

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