Prudential PLC - London-based insurer focused on Asia and Africa - Announces that ICICI Prudential Asset Management Co Ltd has filed the red herring prospectus with the Registrar of Companies, Delhi and Haryana at Delhi, for an initial public offering comprising an offer for sale of up to 9.9% of the share capital in IPAMC by Prudential Corp Holdings Ltd, a subsidiary of Prudential. The RHP has also been filed with the Securities and Exchange Board of India, BSE Ltd and National Stock Exchange of India Ltd. The IPO and the amount of the offer for sale remain subject to market conditions, requisite approvals and other considerations. As previously indicated and in addition to the potential IPO, Prudential continues to consider a private sale of 2% of IPAMC to ICICI Bank Ltd. "We are also considering an additional pre-IPO placement to select institutional investors before the completion of the IPO," Prudential says.
Current share price: 1,080.50 pence
12-month change: up 65%
By Jeremy Cutler, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.


(Alliance News) - Prudential PLC on Monday said it is buying 75% of Bharti Life Insurance Co Ltd, in an effort to reposition its Indian operations.


(Alliance News) - Anglo American has agreed a near USD4 billion to sell a portfolio steelmaking coal mines, Prudential has acquired a majority stake i...


(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:


BEIJING, April 21 (Reuters) - The head of China's National Financial Regulatory Administration, Li Yunze, on Tuesday met with Prudential's c...


April 15 (Reuters) - The incoming head of the Bank of England's prudential arm said on Wednesday she would not push for further changes to Britain’...


(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday.


(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:


(Alliance News) - The FTSE 100 made strong progress on Monday, despite continued oil price strength, on renewed hopes for a peace deal in the Middle E...


(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Monday.