Muthoot Finance to acquire IDBI Mutual Fund

Mumbai: Kochi based Muthoot Finance Limited, a leading gold loan NBFC in the country, has entered into a definitive agreement to acquire IDBI Asset Management Limited and IDBI MF Trustee Company Limited paving way for Muthoot Finance’s entry into Mutual Fund Asset Management space. The transaction is expected to be completed by end of February 2020 subject to receipt of necessary regulatory approvals. Upon closing, both IDBI AMC and IDBI MF Trustee Company will become wholly-owned subsidiary companies of MFIN.

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Fab Café opens its first outlet in Kerala at Thiruvananthapuram

Trivandrum: Fab Café, part of the Fabindia group, has opened its first outlet in Kerala at Thiruvananthapuram. The upmarket café claims to offer a very natural and organic dining experience with its core focus on healthy eating. Fabcafe was founded by Chef Sunil Chauhan and Rebekah Blank in conjunction with Fabindia who are credited with promoting Indian textiles.

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