You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

ICICI Prudential Life rises over 6% in two days

Topics
Business Finance

Capital Market 

ICICI Prudential Life Insurance Company gained 2.61% to Rs 417.40, rising for second straight session.

ICICI Prudential Life Insurance is up 6.5% in two trading days from its previous closing low of Rs 391.70 on 19 June 2020.

Meanwhile, the Government of Singapore bought 1,64,30,820 equity shares, representing 1.14% equity, of ICICI Prudential Life Insurance Company at Rs 391.60 per share via bulk deal on NSE on Monday (22 June).

ICICI Bank sold 2,15,00,000 equity shares, or 1.50% equity, of ICICI Prudential Life Insurance Company at Rs 391.60 per share via bulk deal on NSE on Monday (22 June). Following the share sale, ICICI Bank's shareholding in the insurance company stand reduced to 51.4% from 52.87% on 31 March 2020.

ICICI Prudential Life's consolidated net profit fell 31.52% to Rs 178.73 crore in Q4 March 2020 as against Rs 261.02 crore in Q4 March 2019. However, company's net premium earned rose 4.16% to Rs 10,475.12 crore in Q4 March 2020 from Rs 10,056.32 crore in Q4 March 2019.

ICICI Prudential Life is promoted by ICICI Bank and Prudential Corporation Holdings, headquartered in United Kingdom. The company offers and array of products in the Protection and Savings category which match the different life stage requirements of customers, enabling them to provide a financial safety net to their families as well as achieve their long term financial goals.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 23 2020. 11:05 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU