NEW DELHI: Prudential Plc is planning to raise as much as US$300mil through a share placement in ICICI Prudential Asset Management Co before an initial public offering (IPO) of the Indian joint venture, according to people familiar with the matter.
The UK-based insurer has begun talks with potential investors, and about 15 institutions have expressed interest in participating in the pre-IPO placement, the people said, asking not to be identified as the information is private.
