coin-img-SOLSOL-0.49%coin-img-BTCBTC-0.33%coin-img-ETHETH-0.15%coin-img-XRPXRP-4.32%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE+1.81%coin-img-DOGEDOGE-2.69%coin-img-TRXTRX-2.04%coin-img-SOLSOL-0.49%coin-img-BTCBTC-0.33%coin-img-ETHETH-0.15%coin-img-XRPXRP-4.32%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE+1.81%coin-img-DOGEDOGE-2.69%coin-img-TRXTRX-2.04%coin-img-SOLSOL-0.49%coin-img-BTCBTC-0.33%coin-img-ETHETH-0.15%coin-img-XRPXRP-4.32%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE+1.81%coin-img-DOGEDOGE-2.69%coin-img-TRXTRX-2.04%coin-img-SOLSOL-0.49%coin-img-BTCBTC-0.33%coin-img-ETHETH-0.15%coin-img-XRPXRP-4.32%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE+1.81%coin-img-DOGEDOGE-2.69%coin-img-TRXTRX-2.04%
user-avatar
Business Today

Prudential to sell 2% stake in ICICI Prudential AMC on Aug. 27; shares slip

AI Market Summary
UK-based Prudential Corporation Holdings will sell up to 2% of ICICI Prudential AMC via the open market to meet minimum public shareholding rules, with ICICI Bank and connected parties abstaining from buying on the day. The additional near-term supply and absence of promoter support can weigh on the stock's trading dynamics; shares had already declined 1.9% ahead of the transaction.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.12%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
UK-based Prudential plans to sell up to 98.85 lakh shares, or 2% of ICICI Prudential AMC, via the open market on Aug. 27. If fully completed, promoter and promoter group ownership will fall to 85.60% from 87.60%. ICICI Bank, the other promoter, said it will not buy shares of the asset manager from the open market on Aug. 27. The stock fell 1.90% on Wednesday to close at Rs 3,223.60.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stocks

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.