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LONDON - Prudential (LON:PRU) plc is currently assessing the possibility of listing its subsidiary, ICICI Prudential Asset Management Company Limited, on the stock exchange. The announcement made today indicates a planned partial divestment of Prudential’s shares in the asset management firm, with the intention of returning the net proceeds to its shareholders. This move is contingent on favorable market conditions, necessary regulatory approvals, and other considerations.
The potential listing would mark a significant step for Prudential in India, a market the company regards as strategically vital and ripe with growth opportunities. Prudential aims to continue expanding its operations within India’s burgeoning financial landscape.
Prudential plc has established a significant presence in the global market, with life and health insurance and asset management operations spanning 24 countries across Asia and Africa. The company is committed to being a reliable partner and protector for current and future generations, offering straightforward financial and health solutions.
The firm maintains dual primary listings on the Hong Kong Stock Exchange (2378) and the London Stock Exchange (LON:LSEG) (PRU), along with a secondary listing on the Singapore Stock Exchange (K6S) and a presence on the New York Stock Exchange (PUK) through American Depositary Receipts. Prudential is a member of the Hang Seng Composite Index and participates in both the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programs.
It should be noted that Prudential plc operates independently and is not associated with Prudential Financial (NYSE:PRU), Inc., based in the United States, nor The Prudential Assurance Company Limited, a subsidiary of M&G plc in the United Kingdom (TADAWUL:4280).
The company has stated that further updates on the potential listing will be provided when appropriate. This report is based on a press release statement issued by Prudential plc.
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