ICICI Prudential AMC slips as promoter moves to trim 2% stake
Mumbai, Aug. 27 -- Trading volumes were elevated during the session. On the BSE, 1.05 crore shares changed hands, compared with the three-month average of 49,658 shares. On the NSE, 32.11 lakh shares were traded, against the three-month average of 4.74 lakh shares.
The block deal came after promoter Prudential Corporation Holdings (PCHL) launched a stake sale of up to 2% in the company.
PCHL offered up to 98.85 lakh shares, representing 2% of ICICI Prudential AMC's equity, through open-market transactions on 27 August 2026. The proposed sale is aimed at helping the company meet India's minimum public shareholding requirement.
The indicative offer price for the block transaction was in the range of Rs 2,998 to Rs 3,158 per share, accord...
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