4+ day, 38+ min ago   (137+ words) The Board of Directors of ICICI Prudential Life Insurance Company has approved a proposal to rename the company as ‘ICICI Life Insurance Limited’, subject to relevant approvals. The company commenced operations in FY2001 and said it has consistently ranked among India’s…...

1+ week, 20+ hour ago   (122+ words) Mumbai: ICICI Bank Limited has informed the stock exchanges that it has purchased 2,90,15,693 equity shares of ICICI Prudential Life Insurance Company Limited through open market acquisition. Following the purchase, ICICI Bank’s total holding in ICICI Prudential Life has increased to…...

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…...

1+ week, 3+ day ago   (206+ words) ICICI Bank on Wednesday said it has raised its stake in its life insurance venture by buying a 2 per cent stake from its joint venture partner for a sum of ₹1,470 crore. The bank has, through multiple tranches executed between July…...

1+ week, 4+ day ago   (250+ words) Business Standard ICICI Prudential Life Insurance on Wednesday said that ICICI Bank has acquired an additional 2 per cent stake in the insurer for Rs 1,470 crore through the stock exchange mechanism, according to an exchange filing Post the acquisition, the lender's…...

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…...

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....

1+ week, 5+ day ago   (106+ words) Shares changed hands at INR3,065 each on 27 August. Prudential plc has sold a 2% stake in ICICI Prudential Asset Management Company through an open market sale, raising proceeds equivalent to $0.3b. Prudential Corporation Holdings Limited, a subsidiary of Prudential, sold the shares at…...

2+ week, 3+ day ago   (568+ words) Foreign insurers with listed Indian AMCs face a long compliance road Insurance Business Prudential's $327 million IPAMC sale is a compliance event, not a retreat SEBI's public float rules require more tranches. The stock is up 48% since the IPO. Brokers advising…...

2+ week, 3+ day ago   (380+ words) London-based Prudential Plc plans to sell up to 2% stake in ICICI Prudential Asset Management Co. through an open-market sale on 27 August, helping the Indian fund manager meet minimum public-shareholding requirements, the companies said on Wednesday. Prudential subsidiary, Prudential Corp. Holdings…...