Prudential plc has filed a Draft Red Herring Prospectus in India for ICICI Prudential Asset Management's upcoming IPO, offering up to 10% equity stake for sale.
Target Information
ICICI Prudential Asset Management Company Limited (IPAMC) is a subsidiary of Prudential Corporation Holdings Limited, focusing on providing investment management services in India. Established to serve a growing base of investors, IPAMC has made significant strides in the financial services sector, particularly in mutual fund offerings that cater to diverse investor needs.
With a reputation for commitment to quality and innovation, IPAMC operates within a highly regulated environment under the oversight of the Securities and Exchange Board of India (SEBI), positioning itself as a trusted partner for individual and institutional investors alike.
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Industry Overview in India
The asset management industry in India has witnessed substantial growth over the past decade, supported by increasing financial literacy and the growing preference for investments ov
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