AMC Acquires ICICI Securities' PMS; Reports Q2FY27 Growth
1 report, 1 independent
Updated 00:00
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What happened
AMC completed the acquisition of ICICI Securities' PMS on October 13, 2026. During the September quarter, AMC reported a 16.3% year-on-year growth in operating revenue, reaching ₹1,674 crore, supported by a 13.7% surge in assets under management (AUM) to ₹12.4 trillion. PMS AUM grew to ₹0.31 trillion from ₹0.25 trillion.
From livemint.com
Why it matters
The acquisition of the PMS entity is expected to support further growth in AMC's alternatives business. The reports noted that faster growth in higher-yielding products helped revenue growth outpace overall AUM growth, and operating profit increased 15.7% to ₹1,181 crore.
From livemint.com