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Prudential plc announced on 26 August 2026 that its subsidiary, Prudential Corporation Holdings Limited (PCHL), will commence an open market sale process for up to a 2.0 per cent stake in ICICI Prudential Asset Management Company Limited (IPAMC). This sale, expected to be executed on 27 August 2026, is intended to support IPAMC in meeting India's 15 per cent minimum public float requirement within five years of its 19 December 2025 initial public offering. Following the sale, PCHL will retain a 32.6 per cent stake in IPAMC.
Prudential plc announces sale of up to a 2.0 per cent stake in ICICI Prudential Asset Management
to support India public float requirements
Hong Kong, 26 August 2026 - Prudential plc ("Prudential") announces that Prudential Corporation Holdings Limited ("PCHL", a subsidiary of Prudential) has informed ICICI Prudential Asset Management Company Limited ("IPAMC") today who has in turn informed the National Stock Exchange of India Limited and BSE Limited today of its intention to commence an open market sale process (the "Sale") in respect of up to a 2.0 per cent stake in IPAMC.
The Sale is intended to support IPAMC as it progresses towards meeting India's minimum public float requirement of 15 per cent within five years of its initial public offering on 19 December 2025.
The Sale is expected to be executed on 27 August 2026. After the Sale, PCHL will retain a 32.6 per cent stake in IPAMC and PCHL's governance rights in IPAMC remain unchanged.
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About Prudential plc
Prudential provides life and health insurance and asset management in Greater China, ASEAN, India 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 (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: 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.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.