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Prudential Unit Disposes Of 2% Stake in ICICI Prudential Asset Management

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Prudential (HKG:2378) unit Prudential Corporation Holdings offloaded nearly 9.9 million, or 2%, shares in ICICI Prudential Asset Management (NSE:ICICIAMC, BOM: 544658) for 30 billion Indian rupees.

The shares were sold for 3,065 rupees per share on the open market, according to a Thursday Hong Kong bourse filing.

The proceeds will be returned to Prudential's shareholders in the form of a share buyback.

Following completion, Prudential Corporation Holdings' shareholding in ICICI Prudential Asset Management decline to 32.59%.

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