Sebi Clears Rs 10,000 cr IPO of ICICI Prudential AMC
ICICI Prudential Asset Management Company (AMC) has received approval from market regulator Sebi for its initial public offering (IPO) estimated at around Rs 10,000 crore. The IPO of the country’s second-largest mutual fund will be an entirely offer-for-sale (OFS) issue by UK-based Prudential Corporation Holdings (PCH). The share sale, expected to hit the market in the second half of December, is likely to value the AMC at over Rs one lakh crore, placing it among the largest listings from the financial-services sector.The AMC’s quarterly average AUM was Rs 8.79 lakh crore as of March 2025.
The UK firm, which currently owns 49 per cent of the fund house, will sell 10 per cent of its stake through the issue, while ICICI Bank will retain its 51 per cent holding.
During the WAVES Summit in Mumbai, Prime Minister Narendra Modi underlined India's developing position in the global creative economic sector. During his opening address, India earned the description of an "orange economy" because cultural and creative sectors drive both financial growth and job creation. Rajnikanth and Mukesh Ambani joined
The Mahahtra government achieved a historical milestone by returning to India the historic sword of Raghuji Bhosale I during a Sotheby’s auction in London, which belonged to a notable 18th-century Maratha ruler. The state of Mahahtra achieves its first success in acquiring historical artifacts from international auctions. The bidding
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