| ICICI Prudential Asset Management Company Limited announced that its board approved the acquisition of the portfolio management services (PMS) business from ICICI Securities Limited via a slump sale, with assets under management of Rs 29.10 billion as of March 31, 2026, subject to regulatory approvals, and the transaction is expected to be completed within a year. The acquisition, considered a related-party transaction conducted at arm’s length, will broaden ICICI Prudential Asset Management’s portfolio management services offerings, while ICICI Securities is a wholly owned subsidiary of ICICI Bank Limited. |