ICICI Prudential AMC has submitted its Draft Red Herring Prospectus (DRHP) to SEBI, BSE, and NSE for its upcoming IPO on July 8, 2025.
Key highlights:
• ICICI Bank plans to acquire a 2% supplementary stake in ICICI Prudential AMC.
• The move precedes the anticipated IPO of ICICI Prudential AMC.
• The acquisition signifies ICICI Bank’s strategic investment in the asset management sector.
The proposal by ICICI Bank to increase its stake in ICICI Prudential AMC showcases a strategic move in the Indian financial landscape, indicating potential growth in the asset management industry.
Source: Economic Times