As per an exchange filing, the lender said that as per the disclosure on February 12, 2025, it had informed about the potential listing of shares of ICICI Prudential AMC and its intent to retain its majority shareholding in the Company.
“The Board of Directors of the Bank has approved purchase of up to 2.0% additional shareholding in the Company,” the lender said in the filing. “This purchase will primarily be towards maintaining the Bank’s majority shareholding in the event of grant of stock-based compensation by the Company.”
ICICI Bank owns a 51% stake in ICICI Prudential Asset Management Company (AMC). The remaining 49% is held by Prudential Plc, the UK-based joint venture partner
ET had reported in February, that ICICI Prudential AMC had begun discussions with merchant bankers for an initial public offering (IPO).
Prudential is expected to divest about 10-15% of its stake through a fully offer-for-sale IPO, aiming to raise up to Rs 10,000 crore.Currently, four mutual funds—HDFC, Nippon Life India, UTI, and Aditya Birla Sun Life—are listed on the stock exchanges.
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