Prudential Sells 4.5% Stake in ICICI Prudential Asset Management in Private Placement
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Prudential plc has completed a pre-IPO private placement, selling 4.5% of ICICI Prudential Asset Management's equity. The sale included 12,355,671 shares to various investors and 9,885,170 shares to ICICI Bank at INR 2,165 per share, raising over INR 48 billion (USD 536 million). Proceeds will be returned to Prudential shareholders, pending approvals. The IPO price band is set at INR 2,061 to INR 2,165, with the book-building process from December 12-16, 2025.
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