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PRU — Prudential News Story

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Brief: Prudential Disposes Interests In ICICI Prudential Asset Management Company

BRIEF-Prudential Disposes Interests In ICICI Prudential Asset Management Company

- Prudential PLC PRU.L:

  • DISPOSAL OF FURTHER INTERESTS IN ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED

  • DISPOSAL PRICE OF INR 3,065 PER IPAMC SHARE

  • UNIT REDUCED ITS HOLDING IN IPAMC FROM 49% TO 34.59%

  • DISPOSAL GENERATED PROCEEDS OF INR 30 BILLION

  • AT COMPLETION OF DISPOSAL, PCHL'S SHAREHOLDING IN IPAMC DECREASED TO 32.59%

  • PCHL ENTERED INTO AND SUCCESSFULLY COMPLETED ON-MARKET DISPOSAL OF 9.9 MILLION IPAMC SHARES


Further company coverage: PRU.L


((Reuters.Briefs@thomsonreuters.com;))

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