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Blackstone-backed ASK IM to Acquire SageOne in Landmark –2,000 Crore Deal
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CNBC TV18•05-10-2026, 12:29
Blackstone-backed ASK IM to Acquire SageOne in Landmark –2,000 Crore Deal
- •Blackstone-backed ASK Investment Managers (ASK IM) will acquire SageOne Investment Managers in a deal estimated at –2,000 crore.
- •SageOne founder Samit Vartak will reinvest in ASK and become Chief Investment Officer (Equities) of the combined entity.
- •Blackstone will remain the majority shareholder of the combined platform, which will manage over –85,000 crore in assets.
- •The acquisition expands ASK's equity investment capabilities and provides SageOne access to ASK's distribution network.
- •The transaction is subject to customary regulatory and investor approvals.
Key Questions Answered
The acquisition deal between Blackstone-backed ASK Investment Managers and SageOne Investment Managers is estimated to be between ₹1,500 crore and ₹2,000 crore.
Following the transaction, the combined asset management platform will have more than ₹85,000 crore in assets under management.
SageOne founder and Chief Investment Officer Samit Vartak will reinvest in ASK and take over as the Chief Investment Officer for Equities of the combined asset management business.
