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Canara Robeco Mutual Fund: Indirect change in controlling interest of AMC

ORIX, a Tokyo-based financial services group will acquire Netherland-based Rabobank's Robeco. Hence ORIX will be the shareholder of Robeco that has 49 per cent stake in Canara Robeco AMC.

Following the acquisition, Robeco will continue to act as shareholder of the Mutual Fund and shareholding pattern of AMC will remain same, i.e. Robeco- 49 per cent, Canara Bank- 51 per cent. There will be no change in Board of Directors of the AMC, and no amendments to schemes of the fund house.