ICICI Prudential AMC IPO likely soon, parent Prudential Plc mulls divesting stake

ICICI Prudential Asset Management, India’s second-largest mutual fund house, is likely to be listed on Indian bourses soon, as one of its sponsors, Prudential Plc, has begun discussions with merchant bankers for an initial public offering (IPO).

The AMC, with assets under management (AUM) of…