Government Pension Fund Global (Norway) decreased its stake in ICICI Prudential Life Insurance from 1.15% to 1.01%. The sovereign wealth fund disposed of 19,46,426 shares in a rights issue context.
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.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.
