IIHL and Invesco complete JV formation to grab a piece of fast-growing asset management market in India
IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, and US-based global investment firm Invesco Ltd have completed the formation of their new asset management joint venture in India, marking a key strategic move in India’s fast-growing mutual funds industry. Under the agreement, IIHL has acquired a 60% stake in Invesco Asset Management India (IAMI),…