IIFL Asset Management Acquires Rs 385-Crore Stake In Reliance MF

New Delhi: IIFL Asset Management has acquired a 2.59 per cent stake in Anil Ambani-led Reliance Group's mutual fund arm for $60 million (about Rs 385 crore), ahead of its initial public offer (IPO) plan. "IIFL Special Opportunities Fund and its series 2 and series 3 by IIFL Asset Management have collectively acquired 2.59 per cent of paid up equity share capital of RNLAM through secondary market purchase," IIFL said in a statement. T...