MF news: ICICI Prudential AMC and LIC MF announce change in shareholding patterns; see details

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 Prudential Mutual Fund has informed that pursuant to share purchase agreements dated December 7, 2025 between Prudential Corporation Holdings (PCHL) and various entities and the share purchase agreement dated December 8, 2025, between ICICI Bank and PCHL, the shareholding pattern of the AMC disclosed in the SAI stands revised with effect from December 10, 2025.

The revised shareholding pattern (% of shareholding) is as follows:

• ICICI Bank: 53.0, Prudential Corporation Holdings: 44.5 and Other Shareholders (Public shareholders): 2.5.

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

The AMC further said 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.

LIC MF AMC modifies shareholding pattern

Meanwhile, LIC Mutual Fund Asset Management (AMC) has also announced a change in the shareholding pattern of the AMC.

LIC Mutual Fund has informed that the shareholding pattern of the AMC given under the heading ‘D. Asset Management Company’ under Section ‘I. Information about Sponsor, AMC And Trustee Company’ stands revised to

• Life Insurance Corporation of India (including 7 nominee shareholders): 49.87%. LIC Housing Finance Ltd: 30.33%. GIC Housing Finance Ltd: 9.03%. IDBI Asset Management Limited: 7.68%. Union Bank of India: 3.09%.

"The AMC has informed that necessary/incidental changes, as applicable, in the above regard shall be made in the SAI of the Fund. This Notice cum addendum shall form an integral part of the SAI of the Fund as amended from time to time. All other terms & conditions of SAI remain unchanged," it added.