ICICI Prudential AMC could come IPO, British promoter can promote stake – INA NEWS

The British insurance coverage firm Prudential PLC is considering the doable itemizing of ICICI Prudential Asset Administration Firm Restricted. Beneath this, the British firm could scale back its stake. However it can depend upon market standing, sanctions and different issues. The official assertion stated, “Its intention is that after the completion of such divesment, internet earnings will likely be returned to shareholders. We’ll give additional info on the acceptable time. There is a crucial market, which has the probabilities of growth. We’ll proceed to hunt alternatives to extend our enterprise out there. “

ICICI PRDENIAL AMC is 51:49 partnership three way partnership and has been in existence for 26 years. For this, ICICI Financial institution partnered with Prudential PLC in 1998. ICICI Financial institution stated in a inventory trade submitting, “We intend to keep up our mazority stake in ICICI Prudential Asset Administration Firm, which is able to guarantee our lengthy -term dedication.”

​ICICI Prudential AMC का AUM

As of September 2024, ICICI Prudential AMC had belongings egg administration (AUM) price over Rs 8,67,000 crore. Additionally, over 133 schemes had greater than 1.1 crore traders. At present SBI Mutual Fund is India’s largest asset administration firm (AMC) within the nation. As of September 2024, it had an AUM price Rs 11,19,756.6 crore.

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