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ICICI Bank Limited ( (IN:ICICIBANK) ) has provided an update.
ICICI Bank has completed the acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited from ICICI Prudential Life Insurance Company Limited, making the pension fund manager a wholly owned subsidiary of the bank. The execution of the share purchase agreement and completion of all formalities consolidate ICICI Bank’s control over its pension fund management business, potentially enhancing integration across its financial services ecosystem and strengthening its presence in the long-term retirement and pension savings market.
More about ICICI Bank Limited
ICICI Bank Limited is one of India’s leading private sector banks, offering a comprehensive range of banking and financial services to retail and corporate customers in India and internationally. Through its subsidiaries and affiliates, it operates across areas such as life insurance, asset management, and pension fund management, focusing on strengthening its position in financial services and long-term savings products.
Average Trading Volume: 617,351
Technical Sentiment Signal: Strong Buy
Current Market Cap: 10036.8B INR
Find detailed analytics on ICICIBANK stock on TipRanks’ Stock Analysis page.