On Thursday, TVS Venu Group announced its intent to acquire the asset management business of PGIM India Asset Management from Prudential Financial. This acquisition will see TVS Venu Management and Consultancy Services, along with its affiliates, take a 100% stake in both PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited. The deal is pending regulatory approvals and standard closing conditions. PGIM India, a wholly owned subsidiary of PGIM, provides a variety of equity, fixed income, and multi-asset investment solutions to both retail and institutional investors. As of December 31, 2025, PGIM India managed assets exceeding ₹30,000 crore (approximately $3.6 billion USD), positioning it among the mid-sized fund houses in India's burgeoning mutual fund sector. This acquisition marks a significant step for TVS Venu Group, which aims to broaden its presence in financial services, complementing its existing businesses in automotive and real estate across more than 80 countries. Legal advisors for the transaction included Khaitan & Co for TVS Venu Group and Shardul Amarchand Mangaldas & Co for Prudential Financial, with Ernst & Young serving as the exclusive mergers and acquisitions advisor to Prudential.