Prudent Corporate Advisory Services Limited has informed the Exchange regarding Outcome of Board Meeting held on September 08, 2025 pertain to Acquisition of Mutual Fund Distribution business of Indus Capital as a going concern on a slump sale basis.
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Prudent Corporate Advisory Services Limited has approved the acquisition of the Mutual Fund Distribution business of Indus Capital. The deal will be executed on a going concern basis through a slump sale. The decision was taken at the Board Meeting held on September 8, 2025. This acquisition is expected to expand Prudent's mutual fund distribution footprint and add to its existing client/assets base. Specific financial details such as deal value, AUM size, and closure timeline have not been disclosed in this filing.
This is a strategic, in-line acquisition for Prudent, strengthening its core mutual fund distribution business. Positively viewed by investors as it supports growth, though the magnitude of impact depends on the deal size and AUM acquired, which are awaited.