Lucknow: ICICI Prudential Asset Management Company Ltd, the alliance between the ICICI Bank and the UK-based Prudential Plc, mulls to penetrate into tier-III and -IV cities of Uttar Pradesh. From five branches in UP and Uttarakhand last year, they have increased the number to 14 in the current year. The company has presence in about 40 locations in the two states with offices at Lucknow, Kanpur, Varanasi, Allahabad, Dehradun, Meerut, Haldwani, Bareilley, Jhansi, Agra, Mathura, Aligarh and Gorakhpur. Tewari was in Lucknow to declare the roll out of company's new Indo-Asia Equity Fund. The fund is an open-ended diversified equity scheme that will invest predominantly in equity and equity-related securities. The company has garnished a business of Rs 800 crores from the state since the start of its operations in the state.
Source : www.indian-commodity.com
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