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ICICI Prudential Life sells pension unit for ₹2bn

July 19, 2025 at 09:39 AM UTCBy FilingReader AI

ICICI Prudential Life Insurance Company's board approved selling its 100% stake in ICICI Prudential Pension Funds Management Company to ICICI Bank for ₹2.035 billion.

The pension unit generated ₹0.32 billion revenue but posted a ₹0.0752 billion loss in net worth for FY2025. The transaction is expected to complete within a year.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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