The Economic Times News

From Rs 10 crore to Rs 10,600 crore! London's Prudential to pocket 108,170% return from ICICI Prudential AMC IPO

Prudential Corporation Holdings is set to make 10,603 crore from the ICICI Prudential AMC IPO, marking an extraordinary 108,170% return on shares bought 20 years ago for 2 each. The firm is selling 4.89 crore shares entirely via OFS at 2,165 apiece, reducing its stake from 49% by 10%.