Prudential plans $300 million pre-IPO stake sale
after close1 source ↓written by the desknot a recommendation
- have shown interest
- 15 institutions
- and valuing
- ₹100 billion
- asset manager
- $11 billion
Prudential Plc is set to raise up to $300 million through a share placement in ICICI Prudential AMC ahead of its planned IPO. Approximately 15 institutions have shown interest in this pre-IPO placement. Regulatory approval from SEBI is anticipated soon, which could pave the way for an offering potentially raising ₹100 billion and valuing the asset manager at $11 billion.
Not investment advice. For informational purposes only.