IndusInd and Invesco finalize asset management joint venture
pre-market1 source ↓written by the desknot a recommendation
- in Invesco Asset
- 60% stake
- expertise with IIHL’s
- 11,000 distribution touchpoints
- in managed assets
- ₹148,358 cr
- domestic asset manager
- 16th largest
- across India
- 40 cities
IndusInd International Holdings has acquired a 60% stake in Invesco Asset Management India, forming a joint venture. This partnership combines Invesco’s global expertise with IIHL’s 11,000 distribution touchpoints, targeting ₹148,358 cr in managed assets. The JV is expected to enhance market reach and service offerings in India's asset management sector.
• 16th largest domestic asset manager
• Operates in 40 cities across India
• Existing management team to continue overseeing operations
Not investment advice. For informational purposes only.