IndusInd Bank and Invesco form asset management joint venture
pre-market1 source ↓written by the desknot a recommendation
- of Invesco Asset
- 60%
- with Invesco retaining
- 40%
- in assets
- ₹1,48,358 crore
- in India
- 16th-largest
IndusInd Bank’s promoter, IndusInd International Holdings Limited, and Invesco Limited have established a joint venture for asset management as of 2 November. IIHL acquired 60% of Invesco Asset Management Company India, with Invesco retaining 40%. The AMC has ₹1,48,358 crore in assets under management, ranking as the 16th-largest in India. 📈
This partnership may enhance market competitiveness and broaden investment offerings, potentially impacting investor sentiment in the asset management sector.
Not investment advice. For informational purposes only.