British insurer Prudential plc has sold a 4.5% stake in ICICI Prudential Asset Management Company (ICICI Pru AMC) for ₹4,900 crore (approximately $545 million), just a day before the fund manager’s highly anticipated $1.2 billion IPO, which opens on Friday. ICICI Pru AMC operates as a joint venture between ICICI Bank, which holds a 51% … Continue reading Prudential Sells 4.5% Stake in ICICI Pru AMC for ₹4,900 Crore Ahead of IPO