British insurer Prudential offloaded a 4.5% stake in ICICI Prudential Asset Management for approximately $545 million ahead of its $1.2 billion IPO. Major investors, including Abu Dhabi Investment Authority and family offices, along with ICICI Bank, acquired these shares. The fund house’s IPO will see Prudential selling a 10% stake, with proceeds slated for shareholders.
Source :- Markets-Economic Times Read More
