Invesco Mutual Fund has received regulatory approval from the Securities and Exchange Board of India (Sebi) to transfer a controlling 60% stake to IndusInd International Holdings Ltd (IIHL), according to sources.
Sebi has granted approvals for the proposed change in control of Invesco Asset Management (India) Pvt Ltd (Invesco AMC), Invesco Trustee Company, and the portfolio management services (PMS) business. The regulator has also approved the appointment of new directors to the board of Invesco Trustee Company.
Earlier, the Competition Commission of India (CCI) had cleared the acquisition of shares in Invesco AMC and Invesco Trustee by IIHL in August 2024. Under the proposed deal, IIHL will acquire 60% shareholding in both Invesco AMC and Invesco Trustee. The investment will be made through IIHL AMC Holdings Ltd, a wholly-owned subsidiary specifically set up for this purpose.
About IIHL:
IIHL, a Mauritius-based global investment holding company (Category 1 licensee), holds stakes in diverse businesses across sectors. Earlier this year, IIHL acquired the debt-laden Reliance Capital Ltd and its subsidiaries, which operate in life insurance, health and general insurance, asset reconstruction, research, and securities broking. This acquisition was approved by the NCLT in May 2025.
The new ownership is expected to help Invesco expand its presence across more Indian cities and towns, leveraging IIHL’s strong domestic presence.
About Invesco India:
- Began operations in India in 2008 with the acquisition of Lotus India Asset Management Company.
- Serves over 1.6 million retail investor folios and 39,000+ distributors.
- Over 70% of assets under management (AUM) are in equity and equity-oriented instruments.
- Ranked as the fifth-largest foreign asset manager and the 17th-largest domestic AMC in India, with combined onshore and offshore AUM of ₹85,393 crore as of March 31, 2024.
- Present in 40 cities nationwide.
This strategic partnership with IIHL positions Invesco to accelerate its growth in India while benefiting from a strong local partner.
Disclaimer: This content is for informational purposes only and should not be considered as investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.
