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ICICIPRULI · price
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Prudential Corporation Holdings Limited, a 21.91% promoter of ICICI Prudential Life Insurance, has agreed to acquire a 75% stake in Bharti Life Insurance for an initial cash consideration of ₹3,500 crore (plus up to ₹700 crore additional). As part of regulatory approvals for this transaction, Prudential will be required to reduce its shareholding in ICICI Prudential Life to under 10% and cease to be a promoter of the company. Prudential currently holds 31,75,17,279 equity shares representing 21.91% stake. The company is engaging with regulatory authorities for an appropriate divestment timeframe. Bharti Life reported new business premium of ₹1,069 crore with 44% year-on-year growth for FY26.
Existing shareholders face potential dilution and loss of a significant promoter backing. The reduction in promoter stake from ~22% to under 10% may trigger volatility and could affect future governance and business synergies with the Prudential group.