+
IndusInd Holdings Gets Nod to Acquire Majority Stake in Invesco Entities
ECONOMY & POLICY

IndusInd Holdings Gets Nod to Acquire Majority Stake in Invesco Entities

IndusInd International Holdings Ltd. (IIHL) has received approval from the Competition Commission of India (CCI) to acquire a majority stake in two Invesco entities. The deal includes IndusInd?s acquisition of a controlling interest in Invesco Trustee Pvt. Ltd. and Invesco Asset Management Pvt. Ltd., two prominent units within Invesco?s India operations.

This strategic acquisition will bolster IndusInd?s presence in the asset management sector and enhance its financial services portfolio. Invesco, a leading global investment management firm, has a well-established footprint in India, offering a wide range of mutual fund products. By acquiring these stakes, IndusInd aims to strengthen its asset management capabilities and expand its reach in the growing Indian investment market.

The deal aligns with IndusInd?s long-term strategy of diversifying its offerings and tapping into new revenue streams, especially as the demand for asset management services continues to grow in the country. The CCI's approval is seen as a key regulatory milestone, paving the way for IndusInd to finalise the transaction and integrate Invesco's operations into its broader financial ecosystem.

This acquisition marks a significant development in the financial services landscape, with IndusInd poised to leverage Invesco?s established presence and expertise to drive growth in India?s booming asset management industry.

IndusInd International Holdings Ltd. (IIHL) has received approval from the Competition Commission of India (CCI) to acquire a majority stake in two Invesco entities. The deal includes IndusInd?s acquisition of a controlling interest in Invesco Trustee Pvt. Ltd. and Invesco Asset Management Pvt. Ltd., two prominent units within Invesco?s India operations. This strategic acquisition will bolster IndusInd?s presence in the asset management sector and enhance its financial services portfolio. Invesco, a leading global investment management firm, has a well-established footprint in India, offering a wide range of mutual fund products. By acquiring these stakes, IndusInd aims to strengthen its asset management capabilities and expand its reach in the growing Indian investment market. The deal aligns with IndusInd?s long-term strategy of diversifying its offerings and tapping into new revenue streams, especially as the demand for asset management services continues to grow in the country. The CCI's approval is seen as a key regulatory milestone, paving the way for IndusInd to finalise the transaction and integrate Invesco's operations into its broader financial ecosystem. This acquisition marks a significant development in the financial services landscape, with IndusInd poised to leverage Invesco?s established presence and expertise to drive growth in India?s booming asset management industry.

Next Story
Real Estate

How Govt Vision is Powering Real Estate Growth in Dholera

Dholera, a planned smart city in Gujarat, is quickly emerging as a prominent real estate destination in India. What was once a sparsely populated region is now part of one of the country’s most ambitious infrastructure projects. Located about 100 km from Ahmedabad, Dholera is being developed as the first and largest node of the Delhi-Mumbai Industrial Corridor (DMIC). The government’s focused vision, combined with strong infrastructure investments, is driving the real estate potential of this area. A Strategic Vision for a Smart CityThe Government of India, along with the Gujarat Stat..

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?