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ICICI Prudential Asset Management to acquire ICICI Securities’ PMS business for Rs 29.10 billion
10-Aug-2026, 08:29
ICICI Prudential Asset Management Company Limited announced that its board approved the acquisition of the portfolio management services (PMS) business from ICICI Securities Limited via a slump sale, with assets under management of Rs 29.10 billion as of March 31, 2026, subject to regulatory approvals, and the transaction is expected to be completed within a year. The acquisition, considered a related-party transaction conducted at arm’s length, will broaden ICICI Prudential Asset Management’s portfolio management services offerings, while ICICI Securities is a wholly owned subsidiary of ICICI Bank Limited.
ICICI Prudential Asset Management Company Limited announced that its board approved the acquisition of the portfolio management services (PMS) business from ICICI Securities Limited via a slump sale, with assets under management of Rs 29.10 billion as of March 31, 2026, subject to regulatory approvals, and the transaction is expected to be completed within a year. The acquisition, considered a related-party transaction conducted at arm’s length, will broaden ICICI Prudential Asset Management’s portfolio management services offerings, while ICICI Securities is a wholly owned subsidiary of ICICI Bank Limited.