Archive · 27 Aug 2026
ICICI Prudential AMC Shares Fall 5% After Stake Sale
Prudential PLC sold a small part of its ownership in ICICI Prudential AMC.
The sale involved 2% of the company, or 99.2 lakh shares.
Because many shares were offered for sale, the company’s share price dropped nearly 5%.
The shares were likely sold at a discount compared with the previous day’s closing price.
Trading activity was very high, with about Rs 3,100 crore changing hands on the BSE.
Prudential was expected to raise up to about Rs 3,121.70 crore from the sale.
The sale was planned to help the company meet rules about how much stock must be available to public investors.
The buyers were not identified in the report.
ICICI Prudential AMC shares fell 4.93% to Rs 3,064.55 during Thursday’s trade.
Prudential PLC sold a 2% stake, equivalent to 99.2 lakh shares, in the asset manager.
The shares were reportedly offered at a likely 2–7% discount to Wednesday’s closing price.
The transaction generated turnover of about Rs 3,100 crore on the BSE.
Prudential undertook the sale to help meet minimum public shareholding requirements.
- Who
- Prudential PLC sold a 2% stake in ICICI Prudential Asset Management Company Limited.
- What
- A stake sale of 99.2 lakh shares led ICICI Prudential AMC shares to fall 4.93%.
- When
- During Thursday’s trading session, with Wednesday’s closing price used as the comparison.
- Where
- On the BSE.
- Why
- To help meet minimum public shareholding requirements.
- Company
- ICICI Prudential Asset Management Company Limited
- Seller
- Prudential PLC
- Stake sold
- 2%, or 99.2 lakh shares
- Share-price low
- Rs 3,064.55, down 4.93%
- BSE turnover
- About Rs 3,100 crore
- Indicative floor-price range
- Rs 2,998–3,158 per share
- Expected proceeds
- Rs 2,963.60–3,121.70 crore, or $311–327 million
- Reason for sale
- Meeting minimum public shareholding norms