Acquiring Company
ICICI Bank
Acquired Company
ICICI Prudential Life Insurance
MumbaiMumbaiFinancial ServicesInsuranceDescription
ICICI Bank Limited has raised its stake in ICICI Prudential Life Insurance to 52.84% through open market purchases of 2,90,15,693 equity shares. This acquisition, completed on September 2, 2026, strengthens the bank's control over the insurer. The transaction enhances the bank's voting power and confirms its role as the majority promoter.
Quick answer
ICICI Bank is acquiring ICICI Prudential Life Insurance, announced September 5, 2026. ICICI Bank is based in Mumbai, Maharashtra, India.
- How much did ICICI Bank pay for ICICI Prudential Life Insurance?
- The deal value was not disclosed.
- What does ICICI Bank do?
- ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services.
- Where are ICICI Bank and ICICI Prudential Life Insurance based?
- ICICI Bank is based in Mumbai, Maharashtra, India. ICICI Prudential Life Insurance is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at ICICI Bank?
- Fundz holds 1 contact at ICICI Bank. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Insurance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Sumitomo Life acquires Singlife for S$4.6 billion, $4.6B (October 16, 2026)
- Shinhan Financial Group acquires Lotte Non-Life Insurance (October 13, 2026)
- Sompo acquires Aspen, appoints new UK CEO (September 17, 2026)
- Kyobo Life Insurance acquires Lifeplanet (September 15, 2026)
- JAB Insurance completes acquisition of Columbian Financial (September 8, 2026)
- Daiichi Life acquires Fidelity Life for NZ$630 million, $630M (September 3, 2026)
Who to call at ICICI Bank, and when
When ICICI Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day ICICI Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ICICI Bank, from your own LinkedIn network
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Related People
Frequently asked
Who acquired ICICI Prudential Life Insurance?
ICICI Prudential Life Insurance was acquired by ICICI Bank, based in Mumbai. The deal was reported on September 5, 2026. ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services. It provides banking services to individuals and businesses. ICICI Bank is publicly traded (IBN).
When did ICICI Bank acquire ICICI Prudential Life Insurance?
ICICI Bank's acquisition of ICICI Prudential Life Insurance was reported on September 5, 2026. ICICI Bank Limited has raised its stake in ICICI Prudential Life Insurance to 52.84% through open market purchases of 2,90,15,693 equity shares. This acquisition, completed on September 2, 2026, strengthens the bank's control over the insurer. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ICICI Prudential Life Insurance do?
ICICI Prudential Life Insurance is one of India's leading life insurance companies. The joint venture between ICICI Bank and Prudential Corporation Holdings offers a comprehensive range of life insurance products and services. It is privately held, operating in Financial Services, and is based in Mumbai.
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