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ASK Investment Managers to Acquire SageOne in Mega Deal Valued Up to Rs 2,000 Crore
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News18•30-09-2026, 19:15
ASK Investment Managers to Acquire SageOne in Mega Deal Valued Up to Rs 2,000 Crore
- •Blackstone-backed ASK Investment Managers will acquire asset manager SageOne Investment Managers to bolster its equity investments.
- •The acquisition is estimated to be between Rs 1,500 and Rs 2,000 crore, though not officially disclosed.
- •SageOne founder Samit Vartak will reinvest in ASK and become Chief Investment Officer (Equities) of the combined entity.
- •Blackstone will maintain its majority shareholder position in the merged platform.
- •The combined Assets Under Management (AUM) of the merged business will reach Rs 85,000 crore, with SageOne contributing over Rs 9,000 crore.
Key Questions Answered
While the official statement did not disclose the financial details, sources close to the matter have estimated the acquisition consideration to be between Rs 1,500 crore and Rs 2,000 crore.
SageOne founder and chief investment officer Samit Vartak will reinvest an undisclosed amount in ASK and take on the role of chief investment officer for equities in the newly combined asset management business.
The combined assets under management for the merged business will reach Rs 85,000 crore, building on SageOne's over Rs 9,000 crore of AUM.
