ICICI Prudential AMC IPO: The ICICI Prudential Asset Management Company may soon submit a draft paper with the Capital Market Regulator SEBI for a public issue of Rs 10000 crore. Sources have told Moneycontrol that the IPO’s draft may be deposited this week. ICICI Bank has 51 percent stake in ICICI Prudential Asset Management Company and Prudential PLC of Britain has 49 percent stake. The partnership between the two took place in 1998, thus the joint venture has been going on for 26 years.
In the IPO, only offer for sale can remain from Britain’s Prudential PLC. This means that the Rs 10000 crore from IPO will go to Prudential PLC. The company will not get anything. ICICI Bank, ICICI Prudential Life Insurance Company, ICICI Securities, ICICI Londbard General Insurance Company is already listed in the stock market.
17 investment banks have applied for IPO
Earlier on June 10, Moneycontrol reported that 17 investment investments have been hired for ICICI Prudential Asset Management Company. This IPO can be launched during October-December 2025. As of March 31, 2025, the company’s assets under management were worth Rs 9,14,878 crore. The board of ICICI Bank has recently approved the purchase of shareholding in ICICI PRDENIAL AMC and up to 2 percent. The necessary approval is yet to be received on this.
Prudential PLC, 24 million customers in 24 markets in Asia and Africa provide life and health insurance as well as asset management service. Its headquarters are in London and Hong Kong and business is focused on 4 strategic sectors- Greater China, ASEAN, India and Africa.
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