Prudential to Sell Up to 2% Stake in ICICI Prudential Asset Management

07:07 AM EDT, 08/26/2026 (MT Newswires) -- Prudential's (PUK) subsidiary, Prudential Corp. Holdings Limited, plans to sell up to a 2% stake in ICICI Prudential Asset Management through an open-market sale, the company said Wednesday. The sale is expected Thursday to support ICICI Prudential Asset Management's progress toward India's 15% minimum public-float requirement within five years of its Dec. 19, 2025, initial public offering. Following the sale, Prudential Corp. Holdings will retain a 32.6% stake, with governance rights unchanged, it added.