ICICI Bank Raises Stake in ICICI Prudential Life to 52.84%
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 52.84% of the paid-up share capital of the company.
Key Details of the Acquisition
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Shares acquired: 2,90,15,693 equity shares
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Percentage acquired: 2.00%
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Holding before acquisition: 50.84% (73,76,05,504 shares)
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Holding after acquisition: 52.84% (76,66,21,197 shares)
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Mode of acquisition: Open market
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Date of acquisition: Various tranches, last being on 2 September 2026
ICICI Bank belongs to the Promoter / Promoter Group of ICICI Prudential Life Insurance Company.
The disclosure has been made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Source: Official disclosure by ICICI Bank Limited under Regulation 29(2) of SEBI (SAST) Regulations dated 4 September 2026.