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News
ICICI Bank Buys Additional 2% Stake In ICICI Prudential Life For ₹1,470 Crore
1+ week, 2+ day ago (516+ words) The step is taken as a prominent financial services company attempts to enhance its footprint in the insurance industry through more ownership. The recent deal was finalized through several transactions in the last couple of weeks and has been made…...
ICICI Bank Completes Purchase Of 2% Stake In ICICI Prudential Life For ₹1,470 Crore
1+ week, 3+ day ago (183+ words) ICICI Bank has finalized the purchase of a 2% stake in ICICI Prudential Life for ₹1,470 crore through a stock exchange transaction. The move raises ICICI Bank's stake to approximately 52.8%, securing its majority control as promoter structure undergoes regulatory reclassification. The acquisition…...
ICICI Bank Increases ICICI Prudential Life Stake to 52.8%
1+ week, 3+ day ago (204+ words) ICICI Bank: Acquires 2% Stake in ICICI Prudential Life Insurance InvestyWise ICICI Bank: Acquires 2% Stake in ICICI Prudential Life Insurance ICICI Bank Limited has announced the completion of acquiring an additional 2.00% stake in its subsidiary, ICICI Prudential Life Insurance Company Limited....
ICICI Prudential Life Insurance seeks shareholder nod to change name to ICICI Life Insurance
3+ week, 2+ day ago (278+ words) ICICI Prudential Life Insurance is seeking shareholder approval via postal ballot to change its name to ICICI Life Insurance Limited. This follows a re-classification of its promoter, Prudential, to an investor under new IRDAI rules. ICICI Prudential Life Insurance Company…...
Munich Re to acquire cyber insurtech company At-Bay for $575m
3+ week, 3+ day ago (317+ words) Munich Re has agreed to acquire US-based insurtech company At-Bay at an enterprise value of $575m (€493.67m). At-Bay’s unified security platform identifies, monitors and reduces insured cyber risk across the policy life cycle, while also generating data insights to improve underwriting and…...
Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
3+ week, 4+ day ago (336+ words) The Economic Times New Delhi, Fair trade regulator CCI on Tuesday cleared the proposal of Prudential Corporation Holdings, an arm of UK-based financial giant Prudential plc, to acquire a stake in Bharti Life Insurance Company Ltd The proposed combination envisages…...
CCI Gives Nod To Prudential Corporation Holdings' Acquisition Of Bharti Life Insurance Stake
3+ week, 4+ day ago (114+ words) LiveLawBiz The Competition Commission of India on Tuesday approved the proposed acquisition of certain equity shareholding in Bharti Life Insurance Company Limited by Prudential Corporation Holdings Limited. The proposed combination involves Prudential Corporation Holdings acquiring a stake in Bharti Life…...