Prudential Corporation Holdings Limited, a subsidiary of Prudential plc, has completed the sale of a 2.0% stake in ICICI Prudential Asset Management Company Limited through an open market process.
The transaction was executed at an indicative price of INR 3,065 per share, generating proceeds equivalent to approximately $0.3 billion based on an exchange rate of INR/USD 95.4263 as of the report date. The net proceeds from the sale, after accounting for applicable fees, taxes, and other costs, will be returned to Prudential shareholders via a share buyback program.
The announcement coincided with the release of Prudential’s 2026 half-year results on August 27, 2026. Prudential plc operates in life and health insurance, as well as asset management, with a presence across Greater China, ASEAN, India, and Africa. The company holds dual primary listings on the Hong Kong Stock Exchange (HKEX:2378) and the London Stock Exchange (LSE:PRU), alongside additional listings on the Singapore Stock Exchange (SGX:K6S) and the New York Stock Exchange (NYSE:PUK) via American Depositary Receipts.
ICICI Prudential Asset Management Company Limited, the asset management arm involved in the transaction, is a leading player in India’s mutual fund industry.
