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Prudential sells 4.5% in ICICI Pru AMC ahead of IPO
Business Standard
|December 12, 2025
British insurer Prudential said on Thursday it has sold a 4.5 percent stake in ICICI Prudential Asset Management for ₹49 billion (about $545 million) ahead of the Indian fund manager's $1.2 billion initial public offering (IPO) that opens on Friday.
The fund house is a joint venture between ICICI Bank, India’s second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest.
Abu Dhabi Investment Authority, the family offices of Azim Premji and Rakesh Jhunjhunwala, and insurers including SBI Life, HDFC Life and Go Digit General Insurance bought the shares from Prudential. ICICI Bank also bought shares worth ₹1.40 billion.
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