Bengaluru, July 9 -- A leading Indian asset management firm, known for its extensive investment products and services, is making significant corporate moves. Let's dive into a recent filing for an initial public offering (IPO), which involves a major stakeholder selling a portion of its holding and a separate entity acquiring additional shares to preserve its controlling interest.

ICICI Bank Limited's stock, with a market capitalisation of Rs. 10,20,673 crores, fell to Rs. 1,426.60, declining by up to 1.06 percent from its previous closing price of Rs. 1,442. However, the stock over the past year has given a return of 14.6 percent.

What happened? ICICI Bank has announced that its subsidiary, ICICI Prudential Asset Management Company, ha...