# ICICI Prudential AMC buys ICICI Securities PMS business 2026-08-10T23:44:09+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet ICICI Prudential Asset Management Co's board has approved the acquisition of the portfolio management services (PMS) business of ICICI Securities through a slump sale. The PMS business, which serves high net worth individuals, reported assets under management of Rs 2,910 crore as of March 31, 2026. Its revenue fell to Rs 20.88 crore in FY26 from Rs 25.3 crore in the previous year. The transaction is subject to regulatory approvals and is expected to close within a year. ICICI Prudential AMC will pay 1.2% in cash of the actual AUM transferred on the transfer date. The PMS platform offers discretionary, non-discretionary and advisory mandates covering direct equity, smart beta and multi-asset strategies. ## Coverage - economictimes.indiatimes.com Tags: acquisition, asset management, high net worth individuals, ICICI Prudential AMC, ICICI Securities, PMS Canonical: https://indianopinion.org/icici-prudential-amc-buys-icici-securities-pms-business/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/icici-prudential-amc-buys-icici-securities-pms-business/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.