ICICI Prudential AMC announces change in shareholding pattern. Details here

ICICI Prudential Asset Management Company (AMC) has issued a notice-cum-addendum to the Statement of Additional Information (SAI) of ICICI Prudential Mutual Fund, announcing a change in the shareholding pattern of the AMC.

• ICICI Bank - 53.0%, Prudential Corporation Holdings - 34.6% and Other Shareholders (Public shareholders) - 12.4%.

The percentage (%) of shareholding given above also includes the % of shareholding held in the name of nominees of ICICI Bank.

It may be noted that there is no change in control of the AMC, as defined under the SEBI (Mutual Funds) Regulations, 1996, pursuant to the aforesaid change in shareholding. All necessary or incidental changes in this regard shall be carried out in the SAI of the Fund.

"All the other provisions of the SAI, except as specifically modified herein above remains unchanged. This Notice-cum-Addendum forms an integral part of the SAI, as amended from time to time," the AMC said.

ICICI Prudential Mutual Fund files draft papers with SEBI for new Specialised Investment Funds

Both schemes will be offered at an NFO price of ₹10 per unit, carry no entry load, a 1% exit load for redemptions within 12 months, and aim to raise a minimum target amount of ₹10 crore each, subject to SEBI approval.

The ₹10,602.65-crore IPO had a price band of ₹2,061-2,165 per share.

After its market debut, ICICI Prudential AMC joined listed asset managers such as HDFC AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC, and Nippon Life India Asset Management.

It also became the fifth ICICI Group entity to be listed, after ICICI Bank, ICICI Prudential Life, ICICI Lombard, and ICICI Securities.