PRU (02378): To sell up to 2.0% of ICICI Prudential Asset Management shares to comply with India's public shareholding requirements.

PRU (02378) announced that its subsidiary Prudential Corporation Holdings Limited (PCHL) has today notified ICICI Prudential Asset Management Company Limited (IPAMC), which has subsequently notified the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited, of PCHL's intention to proceed with a public market sale process (Sale) for up to 2.0% of its equity interest in IPAMC. The purpose of the Sale is to assist IPAMC in gradually complying with Indian regulations regarding the minimum public shareholding, which requires a public shareholding of 15% within five years after its initial public offering on December 19, 2025. The Sale is expected to occur on August 27, 2026. Upon completion of the Sale, PCHL will retain a 32.6% equity interest in IPAMC, and PCHL's governance rights in IPAMC will remain unchanged.