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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Khazanah Nasional Berhad arm to sell stake in IDFC Bank

Posted on 30 November 2016

A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday.
Sipadan Investments (Mauritius) Ltd, the Khazanah arm, is selling about 80.4 million shares in IDFC Bank in a block trade, with a price range of 68.25 rupees to 71.10 rupees apiece, the term sheet showed. The deal will be priced on Wednesday………………………………………..Full Article: Source


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