Core Viewpoint - ICICI Bank's Board of Directors has approved the purchase of up to 2 percent additional shareholding in its subsidiary, ICICI Prudential Life Insurance Company Ltd, to maintain majority shareholding amid potential stock-based compensation exercises [1] Group 1: Shareholding Structure - As of December 2026, ICICI Bank holds a 50.95 percent stake in ICICI Prudential Life Insurance, while Prudential Corporation Holdings owns 21.93 percent [2] Group 2: Financial Performance - ICICI Prudential Life Insurance's net profit increased by 19.6 percent year-on-year to ₹390 crore in Q3 FY2026 and rose by 23.5 percent year-on-year to ₹992 crore for the first nine months of the fiscal year, driven by higher investment income from shareholders' funds [3] - The solvency ratio of ICICI Prudential Life stood at 214.8 percent as of December 31, 2025 [3] - The assets under management for ICICI Prudential Life grew by 6.5 percent year-on-year to ₹3,31,000 crore as of December 31, 2025 [3]
ICICI Bank’s Board clears purchase of up to 2% additional shareholding in ICICI Pru Life