ICICI Prudential AMC raises Rs 4,815 cr

As many as 26 domestic and foreign investors have infused Rs 4,815 crore into ICICI Prudential Asset Management Company (AMC), a subsidiary of ICICI Bank, through a pre-IPO funding round.

As part of this transaction, the asset management company undertook a private placement of 22,240,841 equity shares at an issue price of Rs 2,165 per share, according to its public announcement on Wednesday. This substantial fundraise drew participation from a diverse set of investors, including Lunate Capital, the Estate of late Rakesh Jhunjhunwala

The Regents of the University of California - IIFL Asset Management, Sarv Investments, 3P India Equity Fund, managed by Prashant Jain, PI Opportunities Fund - II, 360 One Funds, Whiteoak Capital, HCL Capital, and market veterans Manish Chokani and Madhusudan Kela.