M&A

M&A

TVS Venu group to acquire PGIM India AMC from Prudential

Mint  

Chennai-based TVS Venu Group, through TVS Venu Management and Consultancy Services Pvt Ltd., is to acquire a 100% stake in PGIM India Asset Management Pvt. Ltd (including PGIM India Trustees Pvt. Ltd) from global asset manager Prudential Financial.Khaitan & Co served as legal advisor to TVS Venu Group, while Shardul Amarchand Mangaldas & Co provided legal advice to Prudential Financial. Ernst & Young LLP acted as the exclusive M&A advisor to Prudential Financial.PGIM India AMC, formerly known as DHFL Pramerica Mutual Fund, commenced operations in 2010. As of December 2025, it managed assets totalling INR 30,000 crore and offered 25 schemes by March 2026. PGIM India AMC's losses increased to INR 23.6 crore in FY25.

For FY25, PGIM India Mutual Fund had reported about INR 98 Cr in Operating Income and about INR 23 Cr in Net Loss.