Mergers & Acquisitions ·
ICICI Bank completes acquisition of additional 2% stake in ICICI Prudential Life Insurance for ₹14.70 billion, raising total holding to 52.8%
IBNIcici Bank Ltd
ICICI Bank completed the acquisition of an additional 2.00% stake in its subsidiary, ICICI Prudential Life Insurance Company Limited (ICICI Life), through multiple tranches executed between July 22 and September 2, 2026. The bank purchased 29,015,693 equity shares for an approximate consideration of ₹14.70 billion via the stock exchange mechanism. Following this transaction, ICICI Bank’s total shareholding in ICICI Life increased to approximately 52.8%. This filing discloses the finalization of a previously announced intent to increase its holding by up to 2%. ICICI Bank operates as a diversified financial services company providing banking and insurance products.