Business Standard

Thursday, December 19, 2024 | 11:16 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

ICICI Prudential Life extends fall on promoter stake sale plan

The stock has dipped 3% to Rs 397, extending its previous day's 3% fall on the BSE after the promoter ICICI Bank proposed to sale up to 2% stake of the company through OFS, which begins today.

ICICI Prudential Life Insurance
Premium

ICICI Prudential Life Insurance

SI Reporter Mumbai
ICICI Prudential Life Insurance Company dipped 3% to Rs 397 in early morning trade, extending its previous day’s 3% fall on the BSE after the promoter ICICI Bank proposed to sale up to 2% stake of the company through offer for sale (OFS) route, which begins today.

ICICI Prudential Life, which was trading at its lowest level since April 24, 2018, has fallen 13% from its recent high of Rs 455 on May 11, 2018. On comparison, the S&P BSE Sensex was up marginally by 0.03% during the period.

The offer-for-sale by ICICI Bank opens on Thursday (for

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in