FilingReader Intelligence
ICICI Prudential Life sells pension unit for ₹2bn
July 19, 2025 at 09:39 AM UTC•By 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
BSE:ICICIPRULI•Bombay Stock Exchange
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