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Prudential Unit to Divest 2% Stake in Indian Asset Manager

MT Newswires·08/26/2026 11:13:20
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11:13 AM EDT, 08/26/2026 (MT Newswires) -- Prudential Corporation Holdings, a promoter of ICICI Prudential Asset Management, plans to sell a 2% stake in the India-based asset manager through the open market, according to a Wednesday filing. The unit of insurance company Prudential plc (PRU.L) plans to divest 9,885,169 equity shares by Aug. 27. After the transaction, the total shareholding of the promoters and promoter group will decrease to 85.60% from 87.60%. The divestment is meant to help the asset manager comply with minimum public shareholding requirements.