India's Prudent Corporate Advisory Services gains after deal to buy mutual fund distribution business

Prudent Corporate Advisory Services

08/09/2025 10:31

** Shares of Prudent Corporate Advisory Services PRUE.NS rise 4.4% to 2,823 rupees

** Financial products distributor to acquire mutual fund distribution business of Indus Capital for 1.24 bln rupees ($14.1 mln)

** Entire mutual fund distribution business of Indus Capital comprises assets under management of 20.30 bln rupees, as on August 30

**Analysts on average have 'buy' rating on PRUE with mean price target of 2,969.17 rupees - data compiled by LSEG

** PRUE up ~3% YTD

($1 = 88.0540 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))