Acquisition / Promoter Change
Prudential to acquire 75% of Bharti Life; ICICI Prudential stake likely to fall below 10%
Prudential Corporation Holdings agreed SPAs to buy a 75% stake in Bharti Life for an initial ₹3,500 crore (plus up to ₹700 crore contingent), subject to regulatory approvals that are expected to require Prudential to reduce its 21.91% holding in ICICI Prudential Life to under 10% and cease being a promoter.





