ICICI Pru AMC plans acquisition in PE space: CEO Shah

ICICI Prudential AMC, India’s second-largest asset management company, plansto make an acquisition in the private equity space, its chief executive officer said on Monday, a move that would strengthen its position beyond traditional investment products.

- Reuters

The acquisition would help the firm deepen its ability to analyse new age businesses, Nimesh Shah said at the company’s initial public offering press conference in Mumbai, but did not elaborate on the timeline or other details.