IIHL to partner with Invesco, pick up 60 pc stake in AMC arm

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.

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