Prudential trims ICICI asset manager stake to meet float rules
By IAN Editorial Desk
27 August 2026·1 min read
Primary source: prudentialplc.com
Prudential will return the net proceeds to shareholders through a buyback.
Prudential plc’s selldown in ICICI Prudential Asset Management reads as a public-float compliance move rather than an exit, after it today completed an open-market sale of a 2.0% stake for proceeds equivalent to $300m.
After completion, Prudential Corporation Holdings retained a 32.6% stake in ICICI Prudential Asset Management, supporting the view that the disposal was about minimum public shareholding requirements…
Free registration
Register free to read the full article
Registration is free and takes a moment. It opens every article and the complete archive, the Economic Dashboard, the events calendar and the company directories.
