ICICI Prudential Life Insurance bought 62,17,213 shares of ITC Limited for ₹160.00 Cr at ₹257.35 apiece in a block deal.
India's largest cigarette manufacturer, ITC operates across four major business segments including FMCG cigarettes, other consumer goods, paperboards and packaging, and agribusiness. Established in 1910, the company has built a diversified portfolio spanning tobacco products, food and personal care items, paper manufacturing, and agricultural inputs. Its vertically integrated approach across consumer, industrial, and agricultural sectors distinguishes it within India's business landscape.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.
