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Prudential plc Unit to Sell 2% Stake in ICICI Prudential Asset Management Co.

MT Newswires·08/26/2026 07:01:21
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07:01 AM EDT, 08/26/2026 (MT Newswires) -- Prudential plc's (PRU.L) Prudential Corp. Holdings unit plans to sell its 2% stake in ICICI Prudential Asset Management Co. via an open market sales process on Thursday. The insurance company said Wednesday that the transaction is expected to support ICICI Prudential Asset Management's plan to meet India's 15% minimum public float requirement. Prudential Corp. Holdings will hold a 32.6% stake in ICICI Prudential Asset Management after the deal is executed.