ICICI Bank buys 29,015,693 ICICI Prudential Life shares for about INR 14.7 billion, lifts stake to 52.8% - IBN News | RalliesICICI Bank buys 29,015,693 ICICI Prudential Life shares for about INR 14.7 billion, lifts stake to 52.8%
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IBN• ICICI Bank increases stake in ICICI Prudential Life
- Completed purchase of 29,015,693 ICICI Prudential Life shares, about 2% of equity share capital as of June 30, 2026.
- Tranches executed July 22 to Sept. 2, 2026 via stock exchange mechanism; consideration about INR 14.7 billion.
- Post-transaction stake in ICICI Prudential Life rises to about 52.8%.
