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
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?