ICICI Prudential Life Insurance Company Limited
SBI Mutual Fund decreased its stake in ICICI Prudential Life Insurance Company from 3.67% to 3.60%, selling 9,40,752 shares. This transaction took place in the context of a rights issue.
A leading life insurance provider in India, ICICI Prudential offers comprehensive life insurance, pension, and health insurance products designed for individuals and corporate groups. The company operates across participating, non-participating, and unit-linked business segments, with products distributed through individual agents, corporate agents, banks, brokers, sales representatives, and its digital platform. Its distinctive strength lies in its integrated multi-channel distribution network and diverse product portfolio tailored to varying customer needs.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.