Prudential Corp Holdings is prone to promote stakes in ICICI Prudential AMC through a block deal. In keeping with the submitting, a complete of 89.85 lakh shares could possibly be exchanged within the block deal.
“Prudential Company Holdings Restricted, one of many promoters of the Firm, has conveyed to us its intention to promote sure Fairness Shares held by it for compliance with the necessities of minimal public shareholding relevant to the Firm, ICICI Prudential AMC knowledgeable within the submitting.
“The mixture shareholding of the promoters and members of the promoter group within the Firm as on August 21, 2026 is 87.60% of the whole issued and paid-up fairness share capital of the Firm. Upon completion of the abovementioned sale, the combination shareholding of the promoters and promoter group within the Firm could be lowered from 87.60% to 85.60% of the whole issued and paid-up fairness share capital of the Firm,” it added.
The dimensions of block deal could possibly be anticipated round Rs 2964-3122 crore .
ICICI Prudential AMC to accumulate ICICI Securities’ PMS Enterprise
ICICI Prudential Asset Administration Firm Ltd has permitted the acquisition of the portfolio administration companies (PMS) enterprise of ICICI Securities Ltd by a droop sale, topic to crucial regulatory approvals.
The choice was permitted by the corporate’s board at a gathering held on August 10, in keeping with a regulatory submitting. The transaction consists of the belongings and liabilities associated to the PMS enterprise and can be carried out as a going concern.
The PMS enterprise had belongings underneath administration (AUM) of Rs 2,910 crore as of March 31, 2026. The precise AUM to be transferred can be selected the date of the switch after the required approvals are acquired.
The transaction is a related-party transaction as ICICI Securities is a completely owned subsidiary of ICICI Financial institution Ltd, which is the promoter of ICICI Prudential Asset Administration. The corporate mentioned the transaction can be carried out at arm’s size.
The acquisition is aimed toward broadening ICICI Prudential AMC’s current PMS choices. The PMS enterprise primarily caters to high-net-worth people (HNIs) by professionally managed and customised funding options.
The platform affords funding methods throughout discretionary, non-discretionary and advisory mandates, together with direct fairness, sensible beta and multi-asset methods. These options are centered on long-term, risk-adjusted wealth creation primarily based on purchasers’ funding aims.
The PMS enterprise reported income of Rs 14.94 crore in FY2024, Rs 25.30 crore in FY2025 and Rs 20.88 crore in FY2026.
The acquisition will strengthen ICICI Prudential AMC’s presence within the PMS section by including an current HNI-focused platform and a spread of funding methods to its portfolio administration choices.
ICICI Prudential AMC share worth
Shares of ICICI Prudential Asset Administration Firm Ltd closed 1.90 per cent decrease to Rs 3,223.60 on Wednesday. The inventory opened at Rs 3,290.10 and touched an intraday excessive of Rs 3,292.80 and a low of Rs 3,213.20. The corporate has a market capitalisation of round Rs 1.59 lakh crore, whereas its 52-week excessive stands at Rs 3,609.85 and 52-week low at Rs 2,528.90.
The inventory’s price-to-earnings (P/E) ratio stood at 45.29, whereas its dividend yield was 0.85 per cent
