ICICI Prudential AMC: Prudential to offload 10% stake; focus on profit and market-linked products.
Summary
ICICI Prudential AMC is set to remain a subsidiary of ICICI, with Prudential selling a 10% stake via an OFS to comply with SEBI regulations. The focus is on operating profit, supported by strong retail flows and a shift towards market-linked products, indicating growth potential.
Key Points
- ICICI Prudential AMC will remain a subsidiary of ICICI.
- Prudential will offload a 10% stake through an Offer for Sale (OFS).
- The move is in accordance with SEBI's public-float rules.
- The AMC emphasizes a profit-focused model.
- Strong SIP-led retail flows and shift to market-linked products are key growth drivers.
Full Article
ICICI Prudential AMC CEO Nimesh Shah says the AMC will remain a subsidiary of ICICI, with Prudential alone trimming its stake through the OFS as part of Sebi’s public-float rules. Shah highlights the AMC’s profit-focused model, strong SIP-led retail flows, rising investor maturity, and the growing shift from traditional savings to market-linked products, supporting long-term growth momentum.