Shareholding5 Sept 2026, 12:02 pm
ICICI Bank Increases Stake in ICICI Prudential Life to 52.84%
AI Summary
ICICI Bank Limited has acquired an additional 2,90,15,693 equity shares of ICICI Prudential Life Insurance Company Ltd through open market transactions. This acquisition, representing 2.00% of the paid-up share capital, increases ICICI Bank's total holding in the insurance arm to 52.84%. The transaction was executed via market acquisition, and the bank has complied with SEBI's substantial acquisition regulations by filing the necessary disclosure. The total equity share capital of ICICI Prudential Life Insurance remains unchanged at Rs. 14,50,78,21,170.
Key Highlights
- ICICI Bank acquired 2.90 crore shares in ICICI Prudential Life.
- Holding increased from 50.84% to 52.84% of paid-up capital.
- Acquisition was made through open market purchases.
- Disclosure filed as per SEBI (Substantial Acquisition) Regulations.
- Total equity capital of the target company remains constant.
Price Impact
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