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PRU to Timely Announce Timetable for Spinning Off India's ICICI; Creating Shareholder Value Always Top Priority
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PRU (02378.HK) is evaluating the possibility of spinning off ICICI Prudential for the listing, and it intends to return the net proceeds to shareholders. CEO Anil Wadhwani disclosed at the results press conference that PRU is currently unable to comment on the transaction timetable due to regulatory requirements. Regarding whether the proceeds will be distributed as a special dividend or used for share buybacks, Wadhwani only mentioned that the group's capital management policy is very clear, with creating shareholder value being the management's top priority. AAStocks Financial News |
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