Run-through
Invesco Mutual Fund has actually gotten market regulator Sebi approval to move a managing 60 percent stake to IndusInd International Holdings Ltd (IIHL), according to sources.
Invesco Mutual Fund has actually gotten market regulator Sebi approval to move a managing 60 percent stake to IndusInd International Holdings Ltd(IIHL ), according to sources.
The Securities and Exchange Board of India (Sebi) has actually just recently supplied all approvals to the pending applications by Invesco India for a modification in control of Invesco AMC, Invesco Trustee Company and to the PMS company, they included.
According to sources, Sebi has actually likewise authorized the visit of directors on the board of the Invesco Trustee Company.
The Competition Commission of India (CCI) had actually authorized the acquisition of shareholding in each of Invesco Asset Management (India) Private Ltd and Invesco Trustee Private Ltd by Hinduja Group’s company IIHL in August 2024.
The proposed mix refer to the acquisition of 60 percent shareholding in each of Invesco Asset Management (India) Private Ltd (Invesco AMC) and Invesco Trustee Private Ltd (Invesco Trustee) by IIHL.
IIHL will be holding the financial investment through its wholly-owned and regulated subsidiary, IIHL AMC Holdings Limited (IIHL AMC), which has actually been integrated particularly for the functions of the proposed mix.
IIHL is an international organization (Category 1) licensee business integrated in Mauritius. The primary activity of IIHL is financial investment holding, where it holds shares in various business spread out throughout sectors.
Invesco Trustee and Invesco AMC are the trustee business and property management company, respectively, of Invesco Mutual Fund and are properly authorized by Sebi under the arrangements of the SEBI (Mutual Funds) Regulations, 1996.
Invesco AMC is likewise signed up as a portfolio supervisor under the SEBI (Portfolio Managers) Regulations, 2020.
Previously this year, IIHL obtained debt-ridden Reliance Capital Ltd and its subsidiaries that run in the life insurance coverage, health and basic insurance coverage sectors and property restoration, research study and securities broking.
The acquisition occurred in May 2025, following the NCLT approval of IIHL’s resolution strategy.
IIHL’s ownership will benefit Invesco to broaden into more Indian cities and towns due to the existence of a strong domestic partner.
Invesco Asset Management started its India operations in 2008 with the acquisition of Lotus India Asset Management Company.
Ever since, it has actually grown to serve over 1.6 million retail financier folios and over 39,000 empanelled suppliers since April, with over 70 percent of its properties under management in equity and equity-oriented properties.
It is the fifth-largest foreign possession supervisor and the 17th biggest domestic possession supervisor in India, with combined onshore and overseas advisory and properties under management of Rs 85,393 crore since March 31, 2024, and an existence in 40 cities throughout the nation.
