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ICICI Prudential Life Shareholders Approve Name Change to ICICI Life Insurance
M
Moneycontrol•21-09-2026, 14:16
ICICI Prudential Life Shareholders Approve Name Change to ICICI Life Insurance
- •Shareholders of ICICI Prudential Life Insurance Company have approved changing the company's name to ICICI Life Insurance Limited via postal ballot.
- •The resolution passed on September 19, 2026, with 99.9994% of votes in favor, pending regulatory approvals and a new certificate of incorporation.
- •The name change will necessitate corresponding amendments to the company's Memorandum and Articles of Association and all official documents.
- •The change is part of Prudential Plc's restructuring in India, including its acquisition of a 75% stake in Bharti Life Insurance.
- •Prudential Plc will reduce its stake in ICICI Prudential Life to below 10% and reclassify from a promoter to an investor, with its nominee director expected to step down.
Key Questions Answered
Shareholders of ICICI Prudential Life Insurance Company approved a proposal through a postal ballot on September 19, 2026, to change the company name to ICICI Life Insurance Limited.
The resolution for the name change received 99.9994 percent of the votes polled in favour, with a total of 1.323 billion votes cast representing 91.21 percent of outstanding shares.
Prudential Plc is restructuring its operations following its decision to acquire a 75 percent stake in Bharti Life Insurance, requiring it to reduce its holding in ICICI Prudential Life below 10 percent and reclassify from promoter to investor.
