TVS Venu Group to acquire Prudential Financial’s entire stake in PGIM India

TVS Venu Group has entered into definitive agreements to acquire Prudential Financial Inc’s 100% stake in PGIM India Asset Management and PGIM India Trustees Private Limited.

The transaction is being carried out through TVS Venu Management and Consultancy Services Private Limited and its affiliates, and remains subject to regulatory approvals and customary closing conditions.

PGIM India is a wholly owned business of PGIM, the global investment management arm of Prudential Financial. It offers equity,

fixed income and multi-asset solutions to retail and institutional investors, and managed over ₹30,000 crore in assets as of December 31, 2025.

Following the deal, TVS Venu Group will acquire full ownership of the asset management and trustee businesses of PGIM India.