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Home » ICICI Prudential AMC to buy ISecs’ PMS business
Finances

ICICI Prudential AMC to buy ISecs’ PMS business

Business Circle TeamBy Business Circle TeamAugust 11, 2026No Comments1 Min Read
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Mumbai: ICICI Prudential Asset Administration Co stated its board has permitted the acquisition of the portfolio administration providers (PMS) enterprise of ICICI Securities by means of a hunch sale.

The PMS enterprise caters primarily to excessive web value people (HNIs) by offering professionally managed and customised funding options.

Additionally learn: Banks’ Rs 20,000 crore credit score assure plan misses the mark

The PMS platform provides a diversified vary of funding methods throughout discretionary, non – discretionary and advisory mandates encompassing direct fairness, good beta and multi – asset approaches.

Its income stood at ₹20.88 crore in 2026, in contrast with ₹25.3 crore in FY 2025. The transaction, which is topic to regulatory approvals, will broaden ICICI Prudential AMC’s current PMS choices.

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The PMS enterprise had property beneath administration of ₹2,910 crore as of March 31, 2026. The precise AUM to be transferred will probably be decided on the switch date after receiving the mandatory approvals. The transaction is predicted to be accomplished inside a 12 months, topic to approvals and a consideration of 1.2% will probably be paid in money of the particular AUM transferred.



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