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WaneInvestmentHouse

WaneInvestmentHouse

Community Contributor

Prudential plans profitable move with Indian IPO and 1B assets

Prudential Plc hired Citigroup to assist with its potential initial public offering of Indian unit ICICI Prudential Asset Management, according to a media report. The offering could raise ~$1B, but details could change as preparations are in the preliminary stage, Bloomberg reported on Thursday, citing people familiar with the matter.

US$22.84

FV

7.9% overvalued

37.51%

Revenue growth p.a.

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4 months ago