ICICI Bank Ltd. is considering purchasing an additional 3% stake in ICICI Prudential Asset Management Co. from Prudential Plc ahead of the company's potential IPO. This would allow ICICI to maintain its 51% shareholding even after allocating 3% to employees under a stock options plan. Prudential has hired Citigroup as the arranger for the IPO.
from Banking/Finance-Industry-Economic Times https://ift.tt/anoyfck
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