Invesco Mutual Fund Secures SEBI Approval for 60% Stake Transfer to IIHL

Invesco Mutual Fund has moved a step closer to a major ownership shift. As per news reports, the fund house has secured approval from the Securities and Exchange Board of India (SEBI) to transfer a controlling 60% stake to IndusInd International Holdings Ltd (IIHL). 

This follows regulatory clearances earlier from the Competition Commission of India (CCI) and marks a significant development in India’s asset management sector.

Regulatory Approvals and Transaction Details 

SEBI’s clearance covers not just the stake transfer but also changes in control of Invesco Asset Management Company (AMC), Invesco Trustee Company and its portfolio management services business. 

As per news reports, SEBI has additionally signed off on the appointment of new directors to the board of Invesco Trustee Company. CCI had already granted approval in August 2024 for IIHL to acquire 60% of both Invesco AMC and Invesco Trustee. The investment will be routed through IIHL AMC Holdings Limited, a wholly owned subsidiary of IIHL.

Profile of IIHL and Recent Acquisitions

IIHL, incorporated in Mauritius as a Category 1 global business licensee, primarily functions as an investment holding company with interests across multiple sectors. Earlier this year, in May 2025, it completed the acquisition of debt-ridden Reliance Capital and its subsidiaries, covering life, health and general insurance, along with businesses in asset reconstruction, research and securities broking. That deal received approval from the National Company Law Tribunal (NCLT). 

Invesco’s Position In India

Invesco entered India in 2008 through the acquisition of Lotus India Asset Management Company and has since built a sizeable franchise. As of April 2024, it serves more than 1.6 million retail investor folios and works with over 39,000 empanelled distributors. Equity and equity-oriented strategies account for over 70% of its assets under management. 

The fund house ranks as the fifth-largest foreign asset manager and seventeenth among domestic peers, with combined onshore and offshore advisory assets of ₹85,393 crore as of 31 March 2024. Its reach extends across 40 cities nationwide.

Read More: Equity Fund Inflows Rise 15% Annually, Sectoral and Flexi Cap Funds Lead the Surge!

Conclusion

With both SEBI and CCI approvals in hand, Invesco’s partnership with IIHL sets the stage for a new growth phase. The transaction not only reshapes ownership but also promises to accelerate Invesco’s expansion in India, supported by IIHL’s strong local footprint and investment capabilities.

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