The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Life Insurance Company Ltd
REDINGTON · price
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ICICI Prudential Life Insurance Company sold 679,173 shares of Redington Ltd on May 12, 2025 through open market transactions, reducing its shareholding from 3.3243% to 3.2374% (a 0.0869% drop). After this sale, ICICI Prudential Life holds 25,309,049 shares in Redington. On a cumulative basis since its last disclosure in August 2019, the insurer's stake has fallen from 5.3228% to 3.2374%, showing a gradual exit over the years. The filing confirms ICICI Prudential Life is not part of the promoter group and the transaction was carried out in the open market. The disclosure was made under SEBI's Takeover Regulations to comply with disclosure norms.
This is a routine institutional sell-down with no impact on company control, as ICICI Prudential Life Insurance is not a promoter. Retail investors may note that a large institutional holder has been steadily reducing its position, but the immediate price impact of this small transaction is likely negligible.