TVS Venu Group Acquires PGIM India Asset Management

Mumbai, Apr 2 (PTI) The TVS Venu Group on Thursday said it will acquire PGIM's India asset management business for an undisclosed sum.

The Chennai-headquartered conglomerate present in auto, financial services and real estate businesses has entered into definitive agreements to acquire the India asset management business of the US-headquartered Prudential Financial's 100 per cent stake in PGIM India Asset Management and PGIM India Trustees, according to a statement.


Completion of the transaction is subject to regulatory approvals and other customary closing conditions.

PGIM is a full-service investment manager offering equity, fixed income and multi-asset solutions to retail and institutional investors, and was managing over Rs 30,000 crore of assets as of December 31 last year.

It manages 25 open-ended mutual funds as of March 2026 and also offers alternative investment funds, portfolio management services, and offshore advisory, as per the statement.