Invesco plans to exit MF business in India
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US asset manager Invesco plans to sell its remaining 40% stake in its Indian mutual fund business to IndusInd International Holdings (IIHL) as part of its plan to exit the Indian market. Invesco can exercise the put option to sell its stake over the next three years, but not within the next 18 months due to a lock-in clause. Invesco's exit from the mutual fund business in India will prevent it from re-entering the market for two years. The deal also requires Invesco to settle a securities law violation case with the Securities and Exchange Board of India (SEBI). IIHL has valued Invesco Asset Management India at Rs 2,100-2,500 crore. Invesco entered India's mutual fund industry in 2012 and is currently the fifth largest foreign player in the country.

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https://m.economictimes.com/mf/mf-news/invesco-plans-to-exit-mf-business-in-india/articleshow/109205104.cms