MUTUAL FUNDS
Invesco Asset Management (India) informs about change in control of AMC
Sep-15-2025

Invesco Asset Management (India) has announced addendum to the Scheme Information Document (SID) / Key Information Memorandum (KIM) of all Schemes / Statement of Additional Information (SAI) of Invesco Mutual Fund.

Invesco Mutual Fund has informed that IndusInd International Holdings (‘IIHL’), Invesco Hong Kong (‘IHKL’), the present sponsor of Invesco Mutual Fund (‘IMF’), Invesco Singapore (‘ISPL’), Invesco, Invesco Trustee (‘ITPL’), the trustee company of IMF, and Invesco Asset Management (India) (‘IAMI’), the asset management company of IMF, have entered into a Share Purchase Agreement dated April 9, 2024 (‘Agreement’), under which, subject to receipt of requisite regulatory approvals, IIHL will act as the co-sponsor of IMF (through its wholly owned and controlled subsidiary viz. IIHL AMC Holdings). IIHL proposes to hold 60% of the total equity share capital (on a fully diluted basis) of IAMI and ITPL (through its wholly owned and controlled subsidiary viz. IIHL AMC Holdings) subject to relevant terms and conditions (‘Proposed Transaction’).

Pursuant to the completion of the Proposed Transaction (‘Completion’): (a) IIHL (through its wholly owned and controlled subsidiary viz. IIHL AMC Holdings) will be inducted as a co-sponsor of IMF under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘MF Regulations’), and will hold 60% of the shareholding in IAMI through IIHL AMC Holdings (a wholly owned and controlled subsidiary of IIHL); and (b) necessary amendments to the trust deed constituting IMF dated April 27, 2006 (as amended from time to time) (‘Trust Deed’) to reflect changes consequential to the Proposed Transaction along with certain other changes will be appropriately carried out by way of an execution of a Deed of Variation to the Trust Deed. 

Securities and Exchange Board of India (‘SEBI’) has vide its letter no. SEBI/HO/IMD/IMD-RAC-1/P/OW/2025/23497/1 dated September 1, 2025 has conveyed its ‘No Objection’ for the Proposed Transaction and amendment of Trust Deed. Further, the Proposed Transaction has also been approved by the respective board of directors of IAMI and ITPL on April 2, 2024 and April 4, 2024. The Board of Directors of IAMI and ITPL have approved the change in control of IAMI, on April 2, 2024 and April 9, 2024, in terms of Regulation 22(e) of the MF Regulations.

  RELATED NEWS >>