2nd Sep 2026 09:18
Prudential PLC - London-based, Asia-focused provider of life and health insurance and asset management - Confirms that the share buyback started in January has been increased to USD1.47 billion from USD1.2 billion. The buyback will continue to be run by JP Morgan Securities PLC and be completed by December 18. The larger buyback means Prudential will buy back about 4% of its total shares. Last week, Prudential said it would increase the buyback in order to return the net proceeds of the USD300 million sale of a 2% stake in Indian asset manager ICICI Prudential Asset Management Co Ltd. Prudential continues to hold a 32.6% stake in ICICI Prudential via a subsidiary. Read More
