New Delhi, Dec. 11 -- British insurance company Prudential said on Thursday it has sold a 4.5% stake in ICICI Prudential Asset Management, a day ahead of the company's much-awaited IPO opening.

Prudential sold its 4.5% stake in ICICI Prudential AMC worth a massive Rs.4,900 crore, ahead of the Indian fund manager's $1.2 billion IPO that opens on Friday.

(This is a developing story. Check back for updates)

Published by HT Digital Content Services with permission from MINT....