Hinduja Group-backed IndusInd International Holdings to acquire a 60% stake in Invesco Asset Management India.

Hinduja Group-backed IndusInd International Holdings, a Mauritius-based investment holding company, agreed to acquire a 60% stake in Invesco Asset Management India, a financial services company. Financial terms were not disclosed. “It was our vision to transform IIHL into a BFSI powerhouse. We are very delighted to team up with Invesco to usher India’s Asset Management industry into a transformational innovation era,” Ashok Hinduja, IndusInd International Holdings Chairman.