Big Block Deal : ICICI Prudential AMC to trim 2% stake.

ICICI Prudential AMC Holdings is hitting the block today, launching a ₹3,121 crore ($333M) share sale to offload a 2% stake (approx. 9.88 million shares) in ICICI Prudential AMC. The promoter group currently sits on an 87.6% stake (as of June 2026). This divestment is a targeted move to meet SEBI's Minimum Public Shareholding (MPS) norms and expand the public float. Shares are reportedly being offered within a price band of ₹2,998 to ₹3,158 per share—reflecting a 2% to 7% discount against yesterday's closing price of ₹3,222.80. Following the sale, total promoter skin-in-the-game will taper from 87.6% to 85.6%, with Prudential’s direct piece moving from 34.59% to 32.59%. ICICI Bank remains the dominant co-promoter.