ICICI Prudential Asset Management Company Limited has announced a significant change in its senior management team with the resignation of Mr. Amar Shah, who serves as Chief Business Officer and Senior Management Personnel under SEBI regulations.

Resignation Details

The company has disclosed that Mr. Amar Shah tendered his resignation from his position as Chief Business Officer to pursue new professional opportunities. The management accepted his resignation on January 28, 2026, following proper regulatory procedures.

Transition Timeline

Mr. Shah will continue in his role until March 16, 2026, providing approximately seven weeks for a comprehensive handover process. He will cease to be a Senior Management Personnel with effect from closure of business hours on March 16, 2026.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of changes in Senior Management Personnel. The company has fulfilled all required disclosures including the resignation email and detailed information as per SEBI Master Circular dated November 11, 2024 and SEBI circular dated December 31, 2024.

Professional Commitment

In his resignation communication, Mr. Shah expressed gratitude to the organization for the trust, support and opportunities extended to him during his tenure. He has committed to ensuring a smooth and orderly transition of responsibilities including complete handover, demonstrating professional dedication during the transition period. Shah wished ICICI Prudential AMC continued success in his farewell message.

The resignation represents a planned transition with adequate notice period, allowing the company to manage the change in senior management effectively while maintaining business continuity.

ICICI Prudential Asset Management Company will be in the spotlight on Friday, January 16, as approximately 7 million shares become eligible for trading following the conclusion of a one-month shareholder lock-in period. According to Nuvama Alternative & Quantitative Research, these shares represent nearly 1% of the company's outstanding equity and are valued at approximately ₹1,910 crore based on Wednesday's closing price of ₹2,729.

Share Unlock Details

The end of the shareholder lock-in period does not guarantee that all shares will be sold in the open market, as they simply become eligible for trading. The unlocking represents a significant milestone for the asset management company, which has demonstrated strong market performance since its public debut.

Strong Post-IPO Performance

The stock has delivered impressive returns since its market debut, currently trading around 26% above its IPO price of ₹2,165. ICICI Prudential Asset Management Company had a robust stock market debut, listing at ₹2,600 on the National Stock Exchange with a premium of over 20% as investors showed confidence in sustained domestic inflows into mutual funds. The ₹10,603 crore public issue was priced in the range of ₹2,061 to ₹2,165 per share.

Market Leadership and Analyst Coverage

Post listing, ICICI Prudential Asset Management Company has established itself as India's most valuable listed asset management company, commanding a market capitalisation of around ₹1.12 lakh crore. This valuation positions it significantly ahead of competitors HDFC Asset Management Company and Nippon Life India Asset Management, which are valued at approximately ₹56,000 crore.

Several brokerages have initiated coverage on the stock with positive recommendations:

Recent Trading Activity

On Wednesday, shares of ICICI Prudential Asset Management Company ended the trading session 2.14% higher at ₹2,729, reflecting continued investor interest in the stock. The company's strong market position as one of India's largest asset managers continues to attract positive attention from market participants and analysts alike.