British insurer Prudential has sold a 4.5 percent stake in its asset-management joint venture in India to a group of investors that includes Abu Dhabi Investment Authority (Adia). Prudential offloaded its stake in ICICI Prudential Asset Management for 49 billion rupees (about $545 million) ahead of the Indian fund manager’s $1.2 billion IPO, a Reuters […]British insurer Prudential has sold a 4.5 percent stake in its asset-management joint venture in India to a group of investors that includes Abu Dhabi Investment Authority (Adia). Prudential offloaded its stake in ICICI Prudential Asset Management for 49 billion rupees (about $545 million) ahead of the Indian fund manager’s $1.2 billion IPO, a Reuters […]
Adia among buyers of stake in Prudential’s Indian JV
British insurer Prudential has sold a 4.5 percent stake in its asset-management joint venture in India to a group of investors that includes Abu Dhabi Investment Authority (Adia).
Prudential offloaded its stake in ICICI Prudential Asset Management for 49 billion rupees (about $545 million) ahead of the Indian fund manager’s $1.2 billion IPO, a Reuters report said.
The asset manager is a joint venture between ICICI Bank, which owns a 51 percent stake, and Prudential, which held the rest. Ownership details after the transaction were not disclosed.
Adia, Abu Dhabi’s $1 trillion sovereign wealth fund, bought shares from Prudential along with the Indian family offices of Azim Premji and Rakesh Jhunjhunwala, SBI Life, HDFC Life and Go Digit General Insurance, the report said.
Further reading:
- UAE sovereign funds back Indian venture capital firm
- Adia anchors IPO of Indian stockbroker Groww
- Why Gulf investors are snapping up Indian banks
Prudential is to sell a 10 percent stake in the IPO. ICICI Prudential Asset Management will issue no new shares.
The listing is expected to take place on December 19.
Market Opportunity
4 Price(4)
$0.02034
$0.02034$0.02034
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
US Congress Proposes AI Export Oversight Bill
US Congress introduces bipartisan bill for AI chip export oversight, affecting Nvidia and Trump policies.
Share
bitcoininfonews2026/01/22 21:02
Ubisoft (UBI) Stock: Restructuring Efforts and Game Cancellations Prompt 33% Dip
TLDR Ubisoft’s stock dropped 33% following organizational changes and the cancellation of six games. The company plans to shut down studios in Halifax and Stockholm
Share
Blockonomi2026/01/22 20:50
This U.S. politician’s suspicious stock trade just returned over 200% in weeks
The post This U.S. politician’s suspicious stock trade just returned over 200% in weeks appeared on BitcoinEthereumNews.com. United States Representative Cloe Fields has seen his stake in Opendoor Technologies (NASDAQ: OPEN) stock return over 200% in just a matter of weeks. According to congressional trade filings, the lawmaker purchased a stake in the online real estate company on July 21, 2025, investing between $1,001 and $15,000. At the time, the stock was trading around $2 and had been largely stagnant for months. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal The trade has since paid off, with Opendoor surging to $10, a gain of nearly 220% in under two months. By comparison, the broader S&P 500 index rose less than 5% during the same period. OPEN one-week stock price chart. Source: Finbold Assuming he invested a minimum of $1,001, the purchase would now be worth about $3,200, while a $15,000 stake would have grown to nearly $48,000, generating profits of roughly $2,200 and $33,000, respectively. OPEN’s stock rally Notably, Opendoor’s rally has been fueled by major corporate shifts and market speculation. For instance, in August, the company named former Shopify COO Kaz Nejatian as CEO, while co-founders Keith Rabois and Eric Wu rejoined the board, moves seen as a return to the company’s early innovative spirit. Outgoing CEO Carrie Wheeler’s resignation and sale of millions in stock reinforced the sense of a new chapter. Beyond leadership changes, Opendoor’s surge has taken on meme-stock characteristics. In this case, retail investors piled in as shares climbed, while short sellers scrambled to cover, pushing prices higher. However, the stock is still not without challenges, where its iBuying model is untested at scale, margins are thin, and debt tied to…
Share
BitcoinEthereumNews2025/09/18 04:02