IndusInd International Holdings, the promoter of IndusInd Bank, and Invesco have completed the formation of their asset management joint venture following IIHL’s acquisition of a 60 per cent ownership stake in Invesco Asset Management India following all regulatory approvals and closing conditions.

With Invesco retaining the balance 40 per cent stake, both IIHL and Invesco will hold joint sponsor status under the regulatory framework.

As of September-end, IAMI is the 16th largest domestic asset manager in India, with average assets under management of ₹1.48 lakh crore and a presence in 40 cities across the country.

Invesco will offer its global investment management expertise and product range, while IIHL will tap into its distribution network of over 11,000 touchpoints across India and

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