Invesco will retain a 40% stake in the fund house, while both IIHL and Invesco will have sponsor status. The size of the deal has not been disclosed. IIHL is the promoter entity of IndusInd Bank.
So, part of it is the valuation, but the earnings of the companies will definitely get impacted and maybe the earnings results have not yet
The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts
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