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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.
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.
Promoters of private lender IndusInd Bank will buy a 60% stake in the Indian arm of global asset manager Invesco, the two companies said on Tuesday, without disclosing the deal amount.... -April 09, 2024 at 09:50 am EDT - MarketScreener
IAMI is the Indian arm of Invesco Ltd, a leading independent global investment management firm with over $1.6 trillion in assets under management
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.