India ·
Prudential to sell a further 2% of ICICI Prudential AMC on the open market to meet India float rules
Promoter Prudential Corporation Holdings confirmed it will sell up to 98.85 lakh shares (2% of paid-up equity) in ICICI Prudential Asset Management on August 27 via open-market trades on the NSE/BSE, trimming its own stake to 32.6% as the asset manager works toward India's 15%-public-float requirement within five years of its December 2025 listing; co-promoter ICICI Bank has agreed not to buy on the sale day.
Source: Investegate (Prudential plc RNS) ↗
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