ICICI Prudential Asset Management Company Limited Inaugurates New Office at GIFT City

ICICI Prudential Asset Management Company Limited (the 'AMC') has established a branch in International Financial Services Centres, GIFT City, Gandhinagar, Gujarat (the 'IFSC Branch').

The IFSC Branch has obtained registration as Registered Fund Management Entity (Retail) ('Retail FME') from International Financial Services Centre Authority ('IFSCA') under the IFSCA (Fund Management) Regulations, 2025 ('IFSC Regulations'), to undertake fund management activities for various restricted schemes/ retail schemes/exchange traded funds and such other activities as permitted in accordance with the IFSC Regulations. This expansion reinforces the AMC's aim to serve as a bridge between global pools of capital and investment opportunities in India.

On the occasion, the AMC's IFSC Branch has unveiled its first restricted scheme designed to channel international capital into India's financial market.

Speaking at the inauguration, Mr. Naveen Agarwal, Chief Financial Officer, ICICI Prudential AMC Limited said, "We believe India is at the cusp of a generational shift in its growth trajectory, underpinned by strong demographics, accelerating urbanization, a digital-first economy, and far-reaching policy reforms. This presents an opportunity for long-term investors seeking exposure to Indian markets. With the establishment of the AMC's branch at GIFT City, we seek to create a global gateway for investors to participate in India through equities, fixed income, alternatives, and hybrid offerings."

The IFSC Branch is intended to serve as a hub to facilitate engagement with global investors. By leveraging GIFT City's infrastructure and IFSCA's globally benchmarked regulatory framework, the IFSC Branch seeks to deliver seamless, transparent, and tax-efficient access to India's capital markets.

Shares of ICICI Bank Limited was last trading in BSE at Rs. 1436.20 as compared to the previous close of Rs. 1445.80. The total number of shares traded during the day was 273740 in over 5331 trades.

The stock hit an intraday high of Rs. 1445.50 and intraday low of 1430.00. The net turnover during the day was Rs. 392475403.00.

Source : Equity Bulls

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