Shardul Amarchand Mangaldas & Co advises BofA Securities India and ICICI Securities on 2% stake sale by Prudential Corporation Holdings in ICICI Prudential Asset Management Company
Valued at approximately ₹3,030 crore (US$320 million), the sale was undertaken to facilitate compliance with the minimum public shareholding requirements prescribed under the Securities Contracts (Regulation) Rules, 1957 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.