<ul data-eligibleForWebStory="false"><li>ICICI Prudential AMC's UK promoter, Prudential Corp., plans to sell over 1.76 crore equity shares via an IPO, with no fresh issue component.</li><li>The offering could raise around Rs 10,300 crore ($1.2 billion) and value the company at approximately $12 billion, potentially becoming the country’s second-biggest offering this year.</li><li>ICICI Bank Ltd. owns 51% of ICICI Prudential AMC, with the UK partner holding 49%. The bank signed an agreement to purchase up to 2% of the AMC's pre-IPO share capital to maintain majority shareholding.</li><li>BofA Securities India Ltd., Citigroup, SBI Capital Markets Ltd., among 18 managers, are handling the IPO of ICICI Prudential AMC.</li></ul>

ICICI Prudential AMC IPO: Promoter To Sell Shares Worth Rs 10,300 Crore

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