Announced Mon, 6 Jul · 14:54 IST
Board approves Prudential's exit as promoter, name change, director resignation
Board & Shareholder Meetings View source PDF
ICICIPRULI · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹485.55
prior close
₹486.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.2-0.4+0.5-1.0+1.3+5.2+6.7+7.6+4.8———
Up moveDown movePending
AI summary
Board on July 6, 2026 approved three items: (1) Prudential's reclassification from Promoter to Investor, subject to IRDAI approval; (2) changing the company name from ICICI Prudential Life Insurance Company Limited to ICICI Life Insurance Limited, pending IRDAI, SEBI and MCA approvals; (3) accepting Mr Naveen Tahilyani's resignation as Non-Executive Director effective immediately. Prudential had first signalled this intent on May 17, 2026.
Likely market impact
Major restructuring: foreign co-promoter Prudential to exit promoter status, company to be renamed ICICI Life Insurance Limited. Pending IRDAI approval.