Zhitong Financial App News, Prudential (02378) announced that its subsidiary Prudential Corporation Holdings Limited (“PCHL”) notified ICICI Prudential Asset Management Company Limited (“IPAMC”) today, and IPAMC also notified the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, PCHL It is intended to conduct an open market sale procedure (“sale”) for up to 2.0% of its shares in IPAMC.

The sale aims to help IPAMC gradually comply with India's minimum public shareholding requirements, which requires a public shareholding ratio of 15% within five years after the initial public offering on December 19, 2025.

The sale is expected to take place on August 27, 2026. Once the sale is completed, PCHL will retain 32.6% of IPAMC's shares, while PCHL's governing rights in IPAMC will remain unchanged.

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