Prudential Corporation Holdings Limited, a unit of Prudential plc, will sell up to 2% of its stake in ICICI Prudential Asset Management Company Limited through an open market process.
The disposal will reduce Prudential Corporation Holdings’ holding in ICICI Prudential AMC to 32.6%, while governance rights remain unchanged. The transaction is scheduled for execution on Thursday, according to the announcement.
The sale aligns with ICICI Prudential AMC’s objective to meet India’s minimum public float requirement of 15% within five years of its initial public offering. ICICI Prudential AMC went public on December 19, 2025, and the announcement was made on August 26, 2026.
Prudential plc, listed on the Hong Kong, London, New York and Singapore exchanges under tickers 2378, PRU, PUK and K6S respectively, notified the National Stock Exchange of India and BSE of the planned sale.
