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ICICI Prudential AMC plans Rs 10,000-crore public issue
NF Times
|June 11, 2025
The second largest asset management company in terms of managed assets, ICICI Prudential Asset Management Company, is planning a mega Rs 10,000-crore initial share sale that will purely be an offer by the foreign promoter.
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The company has roped in as many as 15 investment banks, including Citi, Goldman Sachs, Morgan Stanley and BofA Securities, a record in the IPO space. According to two sources, ICICI Securities and Citi were hired earlier this year for the deal and the 26-year-old company, in which the British financial powerhouse Prudential Plc owns 49%, recently mandated Goldman Sachs, Morgan Stanley, Kotak Mahindra Capital, BofA Securities, IIFL Capital, Nomura Securities, JM Financial, Motilal Oswal, Avendus Capital, Nuvama, BNP Paribas, CLSA Securities and SBI Capital.
This story is from the June 11, 2025 edition of NF Times.
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