ICICI Pru AMC IPO to open on Dec 12

ICICI PRUDENTIAL AMC, India's second-largest mutual fund house by assets, announced a 10,600 crore initial public offering (IPO) with a price band of ₹2,061 to 2,165 a share. The offer will open for subscription from December 12 to 16, with trading expected to begin on December 19.

- NESIL STANEY

ICICI Bank, which holds 51% of the equity shares of the company, and remaining held by Prudential Corporation Holdings. Proceeds from the IPO will go entirely to Prudential, as the issue is structured as a 100% offer for sale (OFS).Atran