Shareholding21 Jul 2026, 10:34 am
ICICI Prudential Life Insurance Shareholding Drops to 4.30% in Restaurant Brands Asia
AI Summary
ICICI Prudential Life Insurance Company Ltd has reported a passive reduction in its shareholding in Restaurant Brands Asia Ltd. The stake decreased from 6.87% to 4.30% due to a preferential allotment of 12,85,71,428 equity shares to the target company's promoters. ICICI Prudential Life Insurance Company Limited did not sell any shares or voting rights. The total equity share capital of Restaurant Brands Asia Ltd increased from 582,876,287 shares to 711,447,715 shares post-allotment.
Key Highlights
- ICICI Prudential Life Insurance's stake in Restaurant Brands Asia reduced to 4.30%.
- Reduction is due to a preferential share allotment to promoters.
- No shares were sold by ICICI Prudential Life Insurance.
- Target company's equity capital increased post-allotment.
Price Impact
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