ICICI Prudential Asset Files for $1.2 Billion India IPO
The so-called draft red herring prospectus filed with the markets regulator was disclosed late Tuesday. The offering could raise as much as 100 billion rupees ($1.2 billion) and value the asset manager at around $12 billion, Bloomberg News has reported. Indian lender ICICI Bank Ltd. holds 51% of the joint venture, and and UK-based Prudential Plc owns the remaining 49%.
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