IndusInd International Holdings Ltd (IIHL), part of the Hinduja Group, and US-based Invesco Ltd have completed the formation of their asset management joint venture following IIHL’s acquisition of a 60% stake in Invesco Asset Management India (IAMI).

Following the transaction and necessary regulatory approvals, Invesco will retain a 40% shareholding in the asset management company and hold joint sponsor status with IIHL, according to a joint statement issued by both firms.

As of September 2025, Invesco Asset Management India ranked as the 16th largest domestic asset manager in the country, with combined onshore and offshore average assets under management (AUM) of ₹1,48,358 crore for the quarter ended September 2025. The firm operates across 40 cities in India.

Under the joint venture,

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