ICICI Prudential Asset Management Company Limited (ICICIAMC) has announced an update regarding the business transfer agreement dated September 22, 2025, with ICICI Venture Funds Management Company Limited (I-Ven). This agreement pertains to the sale and transfer of investment management rights of identified schemes of certain Category II Alternative Investment Funds (AIFs), along with associated business aspects including investment manager units and advisory services. The company has received an email from I-Ven, dated March 2, 2026, stating that the Securities and Exchange Board of India (SEBI) has approved the change in control of the investment manager and sponsor of the identified AIF schemes. This approval is valid for a period of six months and is contingent upon the payment of applicable fees as per SEBI (Alternative Investment Funds) Regulations, 2012. ICICIAMC will take further action in discussion with I-Ven based on this regulatory clearance.
