ICICI Prudential Asset Management Company Limited has announced the successful completion of transferring investment management rights for five Alternative Investment Funds (AIFs) from ICICI Venture Funds Management Company Limited. The transfer became effective on April 1, 2026, following the receipt of regulatory approval from SEBI.

Transfer Details and Regulatory Approval

The company had previously informed stock exchanges on March 2, 2026, about receiving SEBI's regulatory approval for the proposed change in investment manager and sponsor of certain AIFs managed by ICICI Venture Funds Management Company Limited. Following this approval, all requisite agreements have been executed between ICICI Prudential Asset Management Company Limited and ICICI Venture to facilitate the smooth transfer of investment management responsibilities.

Alternative Investment Funds Under New Management

The company will now provide investment management services for the following five AIFs:

Strategic Expansion of Fund Management Portfolio

This transfer represents a strategic expansion of ICICI Prudential Asset Management's fund management portfolio, adding diversified investment vehicles including equity-focused India Advantage Funds, a real estate investment fund, and the Iven Amplifi Fund. The funds span different registration periods, indicating a mix of established and newer investment vehicles now under the company's management umbrella.

Compliance and Documentation

The announcement was made through a formal communication to both BSE Limited and National Stock Exchange of India Ltd., signed by Rakesh Shetty, Chief Compliance Officer and Company Secretary. The company has ensured full regulatory compliance throughout the transfer process, maintaining transparency with stakeholders and fulfilling all necessary documentation requirements as mandated by SEBI regulations.

ICICI Prudential Asset Management Company Limited has announced a key leadership appointment, naming Mr. Puneet Nanda as Senior Management Personnel effective April 1, 2026. The appointment was approved by the Board of Directors on March 31, 2026, following the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The company disclosed the appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal announcement was made through regulatory filings to both BSE Limited and National Stock Exchange of India Ltd.

Professional Background

Mr. Puneet Nanda currently serves as Managing Director and CEO of ICICI Venture Funds Management Company Limited (ICICI Venture), where he has responsibility and oversight of all verticals across its diversified alternative asset management platform. He joined ICICI Venture in June 2020 in this leadership capacity.

Prior to his current role, Mr. Nanda served as Deputy Managing Director of ICICI Prudential Life Insurance, one of India's largest life insurance companies in the private sector with an AUM of over USD 20 billion as of March 31, 2020.

Career Journey

Mr. Nanda's association with the ICICI group spans over two decades. He initially joined ICICI Venture at its start-up stage in January 2001 as Head of the Investments function. His role was subsequently expanded over time to oversee several business functions within the organization.

Board Positions and Experience

Throughout his career, Mr. Nanda has held several significant board positions:

• Served on the Board of Directors of ICICI Prudential Life Insurance Company Limited from August 2010 until June 2020
• Served on the Board of Directors of ICICI Prudential Pension Funds Management Company as Non-Executive Director between 2009 and June 2020

Educational and Early Career

Mr. Nanda holds qualifications as an Engineer and MBA. Before his extensive tenure with the ICICI group, he gained valuable experience working at ICICI Securities and J.P. Morgan, which provided him with a strong foundation in financial services and investment management.

Regulatory Compliance

The appointment announcement was signed by Rakesh Shetty, Chief Compliance Officer & Company Secretary of ICICI Prudential Asset Management Company Limited, ensuring full compliance with SEBI regulations and disclosure requirements.