ICICI Prudential AMC begins work on IPO with 17 investment banks
ICICI Prudential Asset Management Company (AMC) has begun working on its IPO launch and has engaged 17 investment banks, Moneycontrol reported. The firm is a 51:49 joint venture between ICICI Bank and Britain's Prudential Corporation Holdings. The IPO will be a pure offer for sale by Prudential with no participation by ICICI Bank and is expected to raise ₹10,000 crore.