ICICI Prudential AMC will acquire the Portfolio Management Services (PMS) business of ICICI Securities through a slump sale. The target business held Rs 2,910 crore in assets as of March 31, 2026, and generated Rs 20.88 crore in revenue in FY26. The deal price is set at 1.20% of the final transferred assets, pending regulatory approval.
ICICI Prudential Asset Management Company (AMC) has announced board approval to acquire the Portfolio Management Services (PMS) business of ICICI Securities. The transaction will be structured as a slump sale, which is a method of transferring a business unit as a whole entity, including all its related assets and liabilities. This move is designed to strengthen ICICI Prudential AMC’s wealth management capabilities and expand its product suite.
The PMS business being acquired managed assets worth Rs 2,910 crore as of March 31, 2026. For the financial year 2026, this unit recorded revenue of Rs 20.88 crore. By absorbing these operations, the AMC aims to integrate the existing client portfolio directly into its own wealth management ecosystem.
The acquisition cost is linked to the scale of assets being moved. The parties have agreed on a price of 1.20% of the actual assets under management at the time of the transaction's closing. An independent valuer will determine the final payout, which will be settled in cash. This arrangement ensures that the final purchase price is directly tied to the size of the business being transferred at the time of completion.
For shareholders and market observers, the completion of this deal will depend on receiving necessary regulatory approvals. While the strategic intent is to grow the asset base, the transition will involve integrating the existing clients and operations of the PMS unit. Investors may track the progress of these approvals and the eventual timeline for the business transfer.
On August 10, 2026, shares of ICICI Prudential AMC were trading at Rs 3,054.20, marking a decline of approximately 0.61% from the previous trading session. The market will monitor whether the consolidation of the PMS unit leads to improved operational efficiency in the coming quarters.