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IIHL is a Mauritius-based investment holding company with several investments in banking and financial services firms, including private sector lender IndusInd Bank, while IAMI is the Indian arm of the global investment management firm Invesco having over USD 1.6 trillion in assets under management. Get more Companies News and Business News on Zee Business.
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.
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.