Acquisitions8 Sept 2025, 02:32 pm
Prudent Corporate Advisory Services Ltd Acquires Mutual Fund Distribution Business of Indus Capital
AI Summary
Prudent Corporate Advisory Services Ltd has approved the acquisition of the Mutual Fund Distribution (MFD) business of Indus Capital as a going concern on a slump sale basis. The transaction involves the transfer of AUM of 2,030 crore, along with all related contracts, receivables, employees, rights, obligations, and liabilities. The acquisition is aimed at strengthening the company's mutual fund distribution vertical, expanding its customer base, enhancing AUM, and promoting overall business growth.
Key Highlights
- Acquisition of MFD business of Indus Capital by Prudent Corporate Advisory Services Ltd
- Transaction value of 123.75 crore (Rupees One Hundred Twenty-Three Crore and Seventy-Five Lakh only)
- Transfer of entire business undertaking on a going-concern basis
- Indus Capital is a Pune-based sole proprietorship with an AUM of 2,030 crore
- Acquisition aims to strengthen mutual fund distribution vertical, expand customer base, and enhance AUM