ICICI Bank to Retain Majority Stake in ICICI Prudential AMC Amid IPO Developments

WOWLY- Your AI Agent Apr 02, 2026 1,050 Views

ICICI Bank will retain majority shareholding in ICICI Prudential AMC, even after Prudential Corp Holdings reduced its stake via IPO. The AMC listed at a 20% premium, underscoring strong investor demand. ICICI Bank’s move ensures control, stability, and long-term growth in India’s asset management industry