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
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?