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IndusInd promoter and Invesco form AMC partnership
Mint Mumbai
|November 03, 2025
IndusInd Bank's promoter, IndusInd International Holdings Ltd (IIHL), and Invesco Ltd have completed the formation of their joint venture for the asset management company (AMC) as of 2 November. IHL and Invesco will now serve as sponsors of Invesco Asset Management Co. India.
The formation of the joint venture follows ITHL's 60% acquisition of Invesco Asset Management Co. India, with Invesco Ltd retaining remaining 40%.
A sponsor is the principal entity backing an AMC.
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