This large Indian conglomerate enters the mutual funds space

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What’s the news?

[{"selector":"#anim-b2fba13a3bcf033356f1dc046e07876b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8d9bf06f3824c78898152f25cc97d43","keyframes":{"transform":["translate3d(-104.48548%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] On Tuesday, the Hinduja Group, a banking-to-healthcare conglomerate, announced that it acquired a 60 per cent stake in Invesco Asset Management.

What about the other 40 per cent ownership?

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Who will be overseeing the joint venture?

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Major benefit for Invesco

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Hindujas eye large BFSI stake

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Thanks for Reading!

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