Date: August 26, 2026
Promoter Share Sale for MPS Compliance
Prudential Corporation Holdings Limited, one of the promoters of ICICI Prudential AMC, intends to sell equity shares through the open market route specifically to comply with minimum public shareholding requirements under Rule 19(2)(b) of Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI LODR Regulations, 2015.
Sale Details
- Total shares proposed for divestment: Up to 2.00% of total issued and paid-up equity share capital
- Number of shares: 9,885,169 Equity Shares of face value ₹1 each
- Sale method: Open market route through stock exchanges
- Sale date: August 27, 2026
- Execution: May be completed in single or multiple tranches
Shareholding Impact
- Current promoter group holding (as of August 21, 2026): 87.60% of total equity
- Post-sale promoter group holding: 85.60% of total equity
- Reduction: 2.00 percentage points
Regulatory Undertakings
Both promoters provided undertakings not to purchase shares during the sale period:
Prudential Corporation Holdings Limited Undertaking:
- Will not buy any Equity Shares in open market on the sale date(s)
- Signed by Wilson Kwok, Chief Corporate Development Officer
- Dated: August 26, 2026
ICICI Bank Limited Undertaking:
- Will not buy any Equity Shares in open market on August 27, 2026
- Specifically acknowledges the sale by Prudential Corporation Holdings Limited
Additional Compliance Measures
The Company will ensure compliance with:
- SEBI (Prohibition of Insider Trading) Regulations, 2015
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Prudential plc's connected persons (as defined in Hong Kong Listing Rules) are prohibited from participating in the sale, including directors of Prudential plc or its subsidiaries, their immediate family members, and any 30%-controlled companies.
Disclosure Reference
The intimation is made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 (last updated January 30, 2026).