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Prudential PLC - London-based insurer focused on Asia and Africa - Announces that ICICI Prudential Asset Management Co Ltd has filed the red herring prospectus with the Registrar of Companies, Delhi and Haryana at Delhi, for an initial public offering comprising an offer for sale of up to 9.9% of the share capital in IPAMC by Prudential Corp Holdings Ltd, a subsidiary of Prudential. The RHP has also been filed with the Securities and Exchange Board of India, BSE Ltd and National Stock Exchange of India Ltd. The IPO and the amount of the offer for sale remain subject to market conditions, requisite approvals and other considerations. As previously indicated and in addition to the potential IPO, Prudential continues to consider a private sale of 2% of IPAMC to ICICI Bank Ltd. ‘We are also considering an additional pre-IPO placement to select institutional investors before the completion of the IPO,’ Prudential says. Current share price: 1,080.50 pence 12-month change: up 65% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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