ICICI Prudential Asset Management acquires PMS business of ICICI Securities Limited

ICICI Prudential Asset Management acquires PMS business of ICICI Securities Limited​

ICICI Prudential Asset Management Company Limited has approved the acquisition of the Portfolio Management Services (PMS) business from ICICI Securities Limited through a slump sale, aiming to expand its current portfolio management offerings. The transaction involves the transfer of assets and liabilities pertaining to this business unit, which is managed by ICICI Securities.

The PMS business being acquired caters primarily to High-net-worth individuals (HNIs), providing customized and professionally managed investment solutions. These services span diversified strategies across discretionary, non-discretionary, and advisory mandates, covering direct equity, smart beta, and multi asset approaches, all aimed at achieving long-term risk adjusted wealth creation aligned with client objectives.

ICICI Securities Limited, a wholly owned subsidiary of ICICI Bank Limited (the promoter), is currently active in brokering (institutional and retail), distribution of financial products, portfolio management services, and merchant banking services.

Transaction Details and Financials​

The acquisition constitutes a related party transaction, which will be conducted at arms length. As of March 31, 2026, the Assets Under Management (AUM) within ICICI Securities’ PMS business stood at 29.10 billion. The actual AUM to be transferred is yet to be determined upon receipt of necessary approvals on the transfer date.

The consideration for the acquisition will be a cash payment, which is set at 1.20% of the actual AUM that will be transferred. This cost of acquisition is defined by an independent valuer based on fair value determination.

Operational Insights​

The transaction is projected to be completed within one year, pending all necessary regulatory approvals. The PMS business has shown variation in its revenue over the past three fiscal years.

A summary of the historical performance and nature of the acquired entity is provided below:


The company stated that the acquisition of this PMS business will enable ICICI Prudential Asset Management Company Limited to broaden its existing portfolio management services offerings within the market.

ICICIAMC Stock Price Movement​

Shares of ICICI Prudential Asset Management Company Limited slipped by 0.55% to settle at ₹3054.2 after trading today, closing slightly below its previous close. The equity traded within a range of ₹3038 to ₹3099 and saw a total volume of 212,452 shares.