RCS - Prudential PLC - Prudential Plc Announces IPAMC Prospectus Filing

PrudentialAnnouncement

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RNS Number : 2573Q  Prudential PLC  09 July 2025

9 July 2025

 

Prudential announces filing of draft prospectus in India for ICICI Prudential
Asset Management

 

Further to the announcement dated 12 February 2025, Prudential plc
("Prudential") today announces that ICICI Prudential Asset Management Company
Limited ("IPAMC") has filed a Draft Red Herring Prospectus ("DRHP") with the
Securities and Exchange Board of India ("SEBI"), BSE Limited ("BSE") and
National Stock Exchange of India Limited ("NSE") for an Initial Public
Offering ("IPO") comprising an offer for sale of up to 10% of the equity share
capital in IPAMC by Prudential Corporation Holdings Limited ("PCHL", a
subsidiary of Prudential). The DRHP is available on the BSE and NSE websites.
The IPO and the amount of the offer for sale remain subject to market
conditions, requisite approvals and other considerations.

 

Prudential also announces PCHL has entered into an inter-se agreement with
ICICI Bank Limited ("ICICI") stating its intention to divest up to 2% of the
equity share capital in IPAMC to ICICI prior to the IPO, subject to
finalisation of relevant terms, requisite approvals and other considerations.

 

 

Ends

 

 Media                                Investors/Analysts 
 Simon Kutner  +44 7581 023260  (UK)  Patrick Bowes       +852 2918 5468 
 Sonia Tsang   +852 5580 7525   (HK)  William Elderkin    +44 2039 779215     (UK)
                                      Ming Hau            +44 2039 779293     (UK)
                                      Bosco Cheung        +852 2918 5499      (HK)
                                      Tianjiao Yu         +852 2918 5487      (HK)

 

About Prudential plc

 

Prudential plc provides life and health insurance and asset management in 24
markets across Asia and Africa. Prudential's mission is to be the most trusted
partner and protector for this generation and generations to come, by
providing simple and accessible financial and health solutions. The business
has dual primary listings on the Stock Exchange of Hong Kong (2378) and the
London Stock Exchange (PRU). It also has a secondary listing on the Singapore
Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the
form of American Depositary Receipts. It is a constituent of the Hang Seng
Composite Index and is also included for trading in the Shenzhen-Hong Kong
Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

 

Prudential is not affiliated in any manner with Prudential Financial, Inc. a
company whose principal place of business is in the United States of America,
nor with The Prudential Assurance Company Limited, a subsidiary of M&G
plc, a company incorporated in the United Kingdom.

 

https://www.prudentialplc.com/ (https://www.prudentialplc.com/)

 

Disclaimer: Potential investors should not rely on the DRHP filed with SEBI in
making any investment decision. Investors should note that investment in
equity shares involves a high degree of risk. For details, potential investors
should refer to the Red Herring Prospectus which may be filed with the
Registrar of Companies, Delhi and Haryana at New Delhi, in future, including
the section titled "Risk Factors".  This announcement is not for publication
or distribution, directly or indirectly, into the United States of America.
The IPAMC securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, or applicable state securities laws, and
may not be offered or sold in the United States, absent registration or an
exemption from registration.  This announcement is not an offer of securities
for sale into the United States.

 

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