TVS Venu Group Thursday said it has signed definitive agreements to acquire the asset management business of PGIM India Asset Management from Prudential Financial.
The transaction will see TVS Venu Group, through TVS Venu Management and Consultancy Services and its affiliates, acquire 100% stake in PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited. The deal is subject to regulatory approvals and customary closing conditions.
PGIM India operates as a wholly owned business of PGIM. The asset manager offers a range of equity, fixed income and multi-asset investment solutions to retail and institutional investors.
As of December 31, 2025, PGIM India managed over ₹30,000 crore in assets, placing it among mid-sized fund houses in the country’s growing mutual fund industry.
The acquisition marks a step by TVS Venu Group to expand its presence in financial services, adding asset management to its portfolio of businesses across automotive, financial services and real estate. The conglomerate operates in more than 80 countries.
Law firm Khaitan & Co advised TVS Venu Group on the transaction, while Shardul Amarchand Mangaldas & Co acted as legal advisor to Prudential Financial. Ernst & Young served as the exclusive mergers and acquisitions advisor to Prudential Financial.
Source: Economic Times