Announced Fri, 28 Aug, 2026 · 12:00 IST
Promoter Prudential Corp sells 2% stake to meet public shareholding norms
ICICIAMC · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹3083.90
prior close
₹3158.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.6+0.6+0.5-0.6-1.7-3.6-3.6-3.9-2.7+4.2+4.6——
Up moveDown movePending
AI summary
Prudential Corporation Holdings, a promoter of ICICI Prudential AMC, sold 9,885,169 equity shares (2.00% of paid-up capital) on August 27, 2026 through open market sale. The move is to comply with SEBI minimum public shareholding norms. After the sale, promoter group holding fell from 87.60% to 85.60% of paid-up equity share capital.
Likely market impact
Routine compliance-driven sale. Promoter stake drops from 87.60% to 85.60%. Mild supply increase for the stock but aligned with regulatory requirements.