TVS Venu Group to buy PGIM India from Prudential Financial

Chennai: TVS Venu Group on Thursday said it will acquire a 100% stake in PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd from Prudential Financial Inc for an undisclosed sum.The acquisition will be carried out through TVS Venu Management and Consultancy Services Pvt Ltd and its affiliates. The deal is subject to regulatory approvals and customary closing conditions.PGIM India, part of Prudential Financial's global investment management arm PGIM, manages over ₹30,000 crore in assets as of December 31, 2025, and offers equity, fixed income and multi-asset solutions to retail and institutional investors, according to a statement.It manages 25 open-ended mutual funds as of March 2026 and also offers alternative investment funds, portfolio management services, and offshore advisory services.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 M&A advisor to the seller.