Prudential Plc plans to sell up to a 2% stake in ICICI Prudential Asset Management Company through the open market for about Rs 3,190 crore to help the asset manager meet India's minimum public shareholding requirement of 15% within five years of its December 19, 2025 listing, which would reduce aggregate promoter holding to 85.6% from 87.6%.

ICICI Prudential Asset Management Company Limited attracted anchor investment from the family offices of Azim Premji and Rakesh Jhunjhunwala ahead of its IPO in December, as part of a broader trend of family offices participating in mega pre-IPO placements.

ICICI Prudential Asset Management Company Limited was cited as an example of asset managers launching multiple similar passive funds, offering ICICI Prudential Nifty 50 Value 20 ETF and ICICI Prudential Nifty 200 Value 30 ETF, as the Securities and Exchange Board of India considers potential limits on the number of passive funds per category to reduce repetitive offerings.