ASK executes SageOne acquisition agreement for 100% stake; Vartak to become CIO (Equities
Last Updated: 12th October 2026 - 03:33 pm
ASK Investment Managers executed an agreement on September 30, 2026, to acquire 100% of SageOne Investment Managers, according to legal filings; Shardul Amarchand Mangaldas & Co. advised the sellers. The ASK SageOne acquisition agreement remains subject to regulatory approvals, and Blackstone will remain the majority shareholder of the combined entity.
Legal filings recorded ASK's agreement to acquire all of SageOne Investment Managers. Industry sources estimated the deal at ₹1,500 crore to ₹2,000 crore. Shardul Amarchand Mangaldas & Co. advised SageOne and Vartak on the transaction.
The legal filings put the combined platform's assets under management at more than ₹85,000 crore. ASK Investment Managers managed over ₹77,000 crore as of March 2026, while SageOne Investment Managers managed nearly ₹9,000 crore.
Samit Vartak sold his entire stake in SageOne as part of the transaction. Following the September 30 agreement, the legal filings state that he will reinvest an undisclosed amount into ASK and take charge of the equities investment function as Chief Investment Officer (Equities) of the combined platform.
Blackstone will remain the majority shareholder of the combined entity, according to the legal filings.
SageOne Investment Managers was founded by Samit Vartak in 2012. SageOne is known for a disciplined, high-conviction approach focused on mid- and small-cap equities, according to the company.
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