Prudential (PUK) news

Prudential - PCHL entered into and successfully completed on-market disposal of 9.9 mln IPAMC shares

Prudential Corporation Holdings Limited (PCHL), a subsidiary of Prudential plc, has entered into and successfully completed the on-market disposal of 9.9 million shares in ICICI Prudential Asset Management Company Limited (IPAMC). This transaction is part of a broader strategy to divest a portion…

Prudential - Disposal generated proceeds of INR 30 bln

Prudential plc has generated proceeds of INR 30 billion (approximately USD 650 million) from the disposal of its Brazilian insurance operations, according to recent developments in the company’s strategic reallocation of international assets. The U.S.-based insurer has been in the process of…

Prudential - At completion of disposal, PCHL's shareholding in IPAMC decreased to 32.59%

Prudential - Unit reduced its holding in IPAMC from 49% to 34.59%

British insurer Prudential Plc has reduced its stake in its Indian joint venture, ICICI Prudential Asset Management Company (IPAMC), from 49% to 34.59% following a series of strategic divestments. The company announced the sale of a 4.5% stake in IPAMC for 49 billion rupees (£410 million) to Abu…

ICICI Pru AMC has 9.92M shares change hands in a block trade

ICICI Prudential Asset Management Company Ltd (ICICI Pru AMC) witnessed a significant block trade involving 9.92 million shares, according to recent filings and market activity. The transaction, which is part of a broader initiative by Prudential Corporation Holdings to reduce its stake in the…