1 week ago
Prudential Plans 2% ICICI Prudential AMC Stake Sale
Prudential plans to sell some of its shares in ICICI Prudential AMC.
The shares equal up to 2% of the company.
The sale is planned for August 27, 2026, through the stock market.
It may happen all at once or in several parts.
If all the shares are sold, the promoters will own 85.60% instead of 87.60%.
This would leave more shares available for public investors.
The sale is meant to help the company follow minimum public-shareholding rules.
ICICI Bank and Prudential-related entities have agreed not to buy shares during the sale.
The regulatory filing did not give a floor price, although Mint reported a possible price range.
Prudential Corporation Holdings plans to sell up to 9,885,169 ICICI Prudential AMC shares, representing 2% of its paid-up equity capital.
The open-market transaction is scheduled for August 27, 2026, and may take place in one or multiple tranches.
If fully completed, promoter and promoter-group ownership will decline from 87.60% to 85.60%.
The sale is intended to help ICICI Prudential AMC meet minimum public-shareholding requirements.
Regulatory disclosures did not specify a floor price or estimated proceeds, while Mint reported a proposed price range of ₹2,998–₹3,158 per share.
- Who
- Prudential Corporation Holdings will sell the shares; ICICI Bank, Prudential group entities and specified connected persons will not purchase shares during the session.
- What
- An open-market sale of up to 9,885,169 ICICI Prudential AMC shares, equal to 2% of its paid-up equity capital.
- Where
- Through the stock exchanges' open market.
- When
- The proposed sale is scheduled for August 27, 2026; the disclosure was made on Wednesday.
- Why
- To help ICICI Prudential AMC meet minimum public-shareholding requirements under securities regulations.
Key facts
- Shares offered
- Up to 9,885,169 shares
- Stake offered
- 2% of ICICI Prudential AMC's paid-up equity capital
- Proposed sale date
- August 27, 2026
- Promoter holding after sale
- 85.60%, down from 87.60% if the full stake is sold
- Reported value
- About ₹3,190 crore, according to Mint
- Reported price range
- ₹2,998–₹3,158 per share, according to terms reviewed by Mint
- Share-price reaction
- ICICI Prudential AMC fell 1.90% to close at ₹3,223.60 on Wednesday; another report cited a National Stock Exchange close of ₹3,222.80
- Purchase restrictions
- ICICI Bank, Prudential group entities and specified connected persons will not buy shares during the sale session
Quotes
Exchange filing
Filing submitted by the company to the stock exchanges
“Upon completion of the abovementioned sale, the aggregate shareholding of the promoters and promoter group in the Company would be reduced from 87.60% to 85.60% of the total issued and paid-up equity share capital of the Company.”
livemint.com
Sources
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