ICICI Prudential AMC shares drop 5% as promoter Prudential Corp. sells 2% stake; how much will promoters own now?

ICICI Prudential Asset Management Company (AMC) shares declined 5% during market hours on Thursday, August 27, as investors reacted to the promoter group entity Prudential Corp. selling a 2% stake in the company on the open market.

NSE data showed that ICICI Prudential AMC shares dropped 5% to their intraday low of ₹3,060.70 apiece on Thursday’s market, compared to ₹3,222.80 apiece at the previous equity market close.

In an exchange filing on Wednesday, ICICI Prudential AMC disclosed that one of its promoters, Prudential Corp., intended to sell equity shares to comply with the minimum public shareholding norms applicable as per the regulations.

The filing further mentioned that Prudential Corp. would sell a 2% stake of the company aggregating to 9,885,169 equity shares on the open market during the trading session on Thursday, August 27, 2026.

“Upon completion of the abovementioned sale, the aggregate shareholding of the promoters and promoter group in the company would be reduced from 87.60% to 85.60% of the total issued and paid-up equity share capital of the company,” ICICI Prudential AMC informed the exchanges.

How much stake did Prudential own?

As per the NSE data as of the quarter ended June 2026, Prudential Corporation Holdings Ltd, i.e., the promoter company, held a total of 34.59% stake in ICICI Prudential AMC, which represents 17,09,72,641 equity shares.

The data further showed that the three promoter and promoter group entities held a total of 87.60% stake in the company, while the remaining 12.40% shareholding was in the hands of public shareholders as of June 30, 2026.

The company has a total of 49,42,58,520 outstanding shares, according to the exchange data.

With Prudential’s recent sale deal, the promoter’s shareholding is estimated to drop to 32.59% after August 27, 2026.

How did ICICI Prudential AMC perform in Q1?

On a sequential basis, the company’s profits advanced 25.5% to its June quarter levels from ₹768.58 crore in the fourth quarter of FY26.

The company’s revenue from core operations increased 17.55% YoY to ₹1,564.22 crore in the June quarter of FY27, as against ₹1,330.67 crore in the corresponding period of the previous fiscal year.

ICICI Prudential AMC recorded 1.73 crore unique customers as of June 30, 2026, as compared to 1.51 crore in the year-ago period, while the quarterly average assets under management of its mutual fund business was at more than ₹1.11 lakh crore in the period under review.

ICICI Prudential AMC up 18% YTD

NSE data showed that ICICI Prudential AMC shares have delivered more than 18% returns on their investment on a year-to-date (YTD) basis. However, the company’s stock has lost nearly 1% in the past month.

The exchange data further showed that the shares have declined 3.5% in the last five market sessions.

Shares of ICICI Prudential AMC surged to their 52-week high of ₹3,611 apiece on May 29, 2026, while the 52-week low was at ₹2,530 apiece on December 22, 2025. The company’s market capitalisation (m-cap) was at over ₹1.53 lakh crore as of the trading session on Thursday, August 27, 2026.