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ICICI Prudential Life Insurance Co. Ltd. ( (IN:ICICIPRULI) ) just unveiled an announcement.
ICICI Prudential Life Insurance Company Limited announced that it has received approval from the Reserve Bank of India for the sale of its entire 100% equity shareholding in ICICI Prudential Pension Funds Management Company Limited to ICICI Bank Limited. This approval is subject to certain conditions, including clearance from the Pension Fund Regulatory and Development Authority. This move is part of the company’s strategic realignment and could impact its operational focus, potentially strengthening ICICI Bank’s position in the pension fund management sector.
More about ICICI Prudential Life Insurance Co. Ltd.
ICICI Prudential Life Insurance Company Limited operates in the life insurance industry, offering a range of insurance products including life, health, and pension plans. The company focuses on providing long-term savings and protection products to meet the diverse needs of its customers.
Average Trading Volume: 84,667
Technical Sentiment Signal: Buy
Current Market Cap: 899.4B INR
For an in-depth examination of ICICIPRULI stock, go to TipRanks’ Overview page.