RBI approves ICICI Prudential Pension Fund Management sale to ICICI Bank

ICICI Prudential Life Insurance Company Limited announced on November 28, 2025, that the Reserve Bank of India (RBI) has approved the sale of its entire 100% equity shareholding in ICICI Prudential Pension Funds Management Company Limited to ICICI Bank Limited. The approval was communicated to ICICI Bank on November 27, 2025, and subsequently to ICICI Prudential Life Insurance Company on November 28, 2025.

The RBI's approval is subject to certain conditions, including clearance from the Pension Fund Regulatory and Development Authority. This development follows an earlier intimation on July 19, 2025, regarding the proposed sale, which was contingent upon approvals from various regulatory and statutory authorities.

The announcement was made by Priya Nair, company secretary, on behalf of ICICI Prudential Life Insurance Company Limited. The information was addressed to both BSE Limited and the National Stock Exchange of India Limited.