ICICI Prudential Asset Management Company Receives SEBI Settlement Order Regarding Venture Capital Fund
ICICI Prudential Asset Management Company Ltd announced on April 20, 2026, that it received a settlement order from the Securities and Exchange Board of India (SEBI). The order, dated April 16, 2026, pertains to a suo motu settlement application filed by the Company on September 17, 2025, under the SEBI (Settlement Proceedings) Regulations, 2018.The settlement proceedings relate to the winding up and liquidation of the ICICI Prudential Real Estate Scheme - I, which was structured under the ICICI Prudential Venture Capital Fund (IPVCF).
Background of the Settlement
The settlement addresses the history and liquidation of the IPRES Fund. The IPRES Fund was initially constituted with a four-year tenure starting on September 26, 2013, and underwent multiple extensions. The scheme's term was finally extended to September 25, 2023, when all outstanding investments were liquidated on December 25, 2023. Following the liquidation, the SEBI registration of the IPRES Fund was surrendered, leading to the subsequent cancellation of the SEBI registration of the IPVCF.The Company had filed the suo motu settlement application to ensure the matter of the IPRES Fund winding up and liquidation was closed.
| Particulars | Details |
|---|---|
| Authority | Securities and Exchange Board of India (SEBI) |
| Settlement Application Date | September 17, 2025 |
| Order Date | April 16, 2026 |
| Fund/Scheme | ICICI Prudential Venture Capital Fund (IPVCF) / ICICI Prudential Real Estate Scheme - I |
| Settlement Amount Paid | ₹ 14,35,500/- (Rupees Fourteen Lakhs Thirty-Five Thousand Five Hundred only) |
| Company Role | Investment Manager (on behalf of Applicants) |
The settlement was executed by the Company on behalf of the Applicants, which include ICICI Prudential Venture Capital Fund, the Company (as Investment Manager), and ICICI Prudential Trust Limited (as Trustee).
The settlement order confirmed that a settlement amount of ₹ 14,35,500/- was paid by the Company. ICICI Prudential Asset Management Company Ltd noted that there is no material financial implication to the Company arising out of this Settlement Order.
The settlement order was received by the Company on April 20, 2026.
ICICIAMC Stock Price Movement
ICICI Prudential Asset Management Company Limited slipped by 1.43% today, settling at ₹3295.7 in post-market trading. The stock saw a substantial turnover, with a total volume of 381,441 shares traded during the session.Source:
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