ICICI Prudential Life Insurance Company Ltd to Sell Entire 100% Stake in ICICI Prudential Pension Funds Management Company Limited for ₹ 2.035 Billion

ICICI Prudential Life Insurance Company Ltd has approved the sale of its entire 100% equity shareholding in ICICI Prudential Pension Funds Management Company Limited to ICICI Bank Limited for a cash consideration of ₹ 2.035 billion. The transaction is expected to be completed within a year, subject to necessary approvals. ICICI Bank Limited holds 51% in ICICI Prudential Life Insurance Company Limited as of June 30, 2025 and is the Promoter/Holding company. The total revenue of ICICI Prudential Pension Funds Management Company Limited in FY2025 was ₹ 0.32 billion, contributing 0.04% to the consolidated revenue. The contribution of ICICI Prudential Pension Funds Management Company Limited to the consolidated net worth at March 31, 2025 was ₹ (0.0752) billion.