IndusInd International Holdings partners with Invesco to acquire majority stake in Invesco Asset Management India, reinforcing its position in the investment management sector through strategic partnerships and acquisitions. Invesco will retain a 40 per cent stake in the newly formed joint venture with IIHL, and both IIHL and Invesco will have sponsor status, as per a statement.
IndusInd International Holdings Limited (IIHL), a Mauritius-based investment holding company backed by the Hinduja Group, and Invesco Ltd have announced to enter into a definitive agreement to form a joint venture which will see IIHL acquire 60 .
Get latest articles and stories on Latest News at LatestLY. IndusInd International Holdings (IIHL) on Tuesday said it will partner with Invesco, and pick up a 60 per cent stake in Invesco Asset Management India (IAMI). Latest News | IIHL to Partner with Invesco, Pick Up 60 Pc Stake in AMC Arm.
If the nod goes through, IndusInd Bank will be the first instance where promoters would increase their stake to the ceiling of 26 percent post RBI’s IWG recommendation in 2021.