September 3, 2025

Big news in the world of mutual funds, folks! Invesco Mutual Fund has got a shiny new ticket from the market regulator, SEBI, to transfer a controlling 60% stake to IndusInd International Holdings Ltd (IIHL). Sources say the approval covers control changes in Invesco AMC, Invesco Trustee Company, and the Portfolio Management Services business. This means IIHL is stepping in as the major player in Invesco’s big game. For the uninitiated, IIHL is a global investment holding company based in Mauritius. Its main work? Holding shares across various sectors worldwide. This smart move was also welcomed earlier by the Competition Commission of India (CCI) in August 2024, giving a thumbs up to this acquisition. IIHL will hold this 60% stake through a new child company, IIHL AMC Holdings Limited, specially created for this deal. This fresh partnership is poised to turbocharge Invesco’s presence across more Indian cities and towns, thanks to IIHL’s strong local backbone. Let’s rewind a bit. Invesco Asset Management started its India journey back in 2008 by buying Lotus India Asset Management. Since then, Invesco has exploded with over 1.6 million retail investor accounts and 39,000 distributors by April this year. It proudly stands as the fifth-largest foreign asset manager and the 17th largest domestic player in India with Rs 85,393 crore under management, spread in 40 cities. Not just that, IIHL has been busy making waves by acquiring the struggling Reliance Capital Ltd and its insurance and finance units earlier in 2025 after a big court nod from NCLT. This shows their serious ambitions in the Indian financial landscape. In SEBI’s words, "Sebi has also approved the appointment of directors on the board of the Invesco Trustee Company." That means leadership changes are ahead, gearing up for a new dawn. This dynamic duo—Invesco and IIHL—is all set for a thrilling ride ahead, promising more investments, expansions, and exciting times for investors across India. The excitement is real, and the future looks bright!

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Tags: Invesco mutual fund, Sebi approval, Indusind international holdings, Asset management, Investment, India,