IndusInd International Holdings Limited(IIHL)to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI)
IndusInd International Holdings Limited(IIHL)to partner with Invesco and acquire 60% stake in Invesco India Asset Management Limited (IAMI)
–IndusIndInternationalHoldingsLimited(“IIHL”),aMauritius basedInvestmentHoldingCompanywithseveralinvestmentsinbankingandfinancial assets, and Invesco Ltd. announced today that they have entered into a definitive agreement to form a joint venture (“JV”), and IIHL to acquire a 60% stake in Invesco Asset Management India Limited (“IAMI”).
IAMI is the Indian arm of Invesco Ltd., a leading independent global investment management firm with over USD 1.6 trillion in assets under management. IIHL is the promoterentityofIndusIndBank,the5thlargestprivatesectorbankinIndialistedon BSE&NSEandisregulatedbyReserveBankofIndia.Invescowillretaina40percent st...