Chennai, April 3 : TVS Venu Group announced today that it has entered into definitive agreements, through TVS Venu Management and Consultancy Services Private Limited and its affiliates, to acquire Prudential Financial, Inc.’s (“PFI”) 100% stake in PGIM India Asset Management Private Limited (“PGIM India”) and PGIM India Trustees Private Limited.
Completion of the transaction is subject to regulatory approvals and other customary closing conditions.
PGIM India is a wholly owned business of PGIM, the global investment management business of PFI. It is a full-service investment manager offering a broad range of equity, fixed income and multi-asset solutions to retail and institutional investors, managing over INR 30,000 crore of assets as at 31st December, 2025.
Khaitan & Co acted as legal advisor to TVS Venu Group and Shardul Amarchand Mangaldas & Co acted as the legal advisor to PFI. Ernst & Young LLP acted as the exclusive M&A advisor to PFI.
