ICICI Prudential Life Insurance Company is trading at RS. 600.35, up by 0.55 points or 0.09% from its previous closing of RS. 599.80 on the BSE.
The stock opened at RS. 599.95 and recorded a high of RS. 603.60 and a low of RS. 592.60. A total of 3,903 shares have been traded so far.
The BSE group 'A' stock, with a face value of RS. 10, reached a 52-week high of RS. 795.00 on October 1, 2024, and a 52-week low of RS. 498.50 on February 13, 2024. Over the past week, the stock fluctuated between a high of RS. 642.70 and a low of RS. 570.00. The company’s current market capitalization stands at RS. 86,644.44 crore.
Promoters hold 73.01% of the company’s shares, while institutions and non-institutional investors hold 22.23% and 4.76%, respectively.
In a significant development, ICICI Prudential Life Insurance has obtained a certificate of registration from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Insurance Office (IIO) at GIFT City IFSC, GIFT SEZ, Gandhinagar, Gujarat. The registration, granted on February 4, 2025, will allow the company to expand its life insurance business through a foreign branch office, catering to the insurance and investment needs of potential customers.
ICICI Prudential Life Insurance provides a diverse range of life insurance, health insurance, and pension products. It distributes these offerings through a vast multi-channel network, including bank branches, individual and corporate agents, employees, offices, and its website.