Prudential to sell 2% stake in ICICI Prudential AMC worth about $333 million
BENGALURU: British insurer Prudential Plc plans to sell up to a 2% stake in ICICI Prudential Asset Management Company through the open market to help meet minimum public shareholding requirements, the companies said on Wednesday. The sale will value the stake at around 31.9 billion rupees ($333.3 million) as of last close. Under Indian regulations, large companies that list with less than 15%…
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