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ICICI Prudential Asset Management, India's second-largest mutual fund, files for a $1.2B IPO.
ICICI Prudential Asset Management Company, India's second-largest mutual fund manager, has filed for an IPO.
The offering will consist of 17.7 million shares, with Prudential Corporation Holdings selling up to 10% of its stake.
ICICI Bank, which holds a 51% stake, plans to buy up to 2% of the shares before the IPO.
The IPO could raise up to $1.2 billion.
The offering is being managed by 18 merchant bankers, including global firms like Morgan Stanley and Citigroup.
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ICICI Prudential Asset Management, el segundo fondo de inversión más grande de la India, presenta una oferta pública inicial de $ 1.2B.