Prudential sells 2% stake in ICICI Prudential AMC, causing stock to drop 3.8% amid increased trading volume.

ICICI Prudential AMC promoter Prudential Corporation Holdings plans to sell up to 2% stake through open-market transactions from August 27 to meet minimum public shareholding…

The proposed sale would reduce the shareholding of ICICI Prudential AMC’s promoters to 85.6%