Prudential Corporation Holdings Limited, a unit of Prudential plc, completed the sale of a 2.0% stake in ICICI Prudential Asset Management Company Limited through an open market process.
The transaction generated total proceeds of approximately US$300 million at a share price of INR 3,065, based on an INR/USD exchange rate of 95.4263. Prudential noted that net proceeds will be returned to shareholders via a share buyback program, with the announcement coinciding with the release of the group’s first-half 2026 financial results.
ICICI Prudential Asset Management Company Limited operates as an asset management firm in India, while Prudential plc provides life and health insurance and asset management services across Greater China, ASEAN, India, and Africa. Prudential maintains primary listings on the Hong Kong and London stock exchanges, with additional trading venues including the Singapore Exchange and the New York Stock Exchange via American Depositary Receipts.
