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IndusInd International to acquire 60pc stake in Invesco India

Mauritius-based IndusInd International Holdings Limited (IIHL) has entered into an agreement with global investment management firm Invesco to acquire a 60% stake in its Indian unit IAMI which boasts more than $1.6 trillion in assets under management.

Group buying Anil Ambani's Reliance firm for Rs 9650 crore makes another big deal, to acquire…

Founded in 1993 under the leadership of S.P. Hinduja, IIHL is an investment holding company well regulated by the Financial Service Commission, Mauritius, under a global business licence.

IndusInd International Holdings Limited (IIHL) to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI)

Hinduja Group's IIHL and Invesco Forge JV in Indian Asset Management

Invesco will retain a 40% stake in the newly-formed JV, and both IIHL and Invesco will have sponsor status.

IIHL to partner with Invesco and acquire 60 pc stake in IAMI