ICICI Prudential Life Insurance coverage on Tuesday introduced to promote 2.02% of its stake in quick meals restaurant firm Westlife Improvement. The corporate’s shareholding in Westlife is now down to five.13%.
“Transaction has been undertaken on the inventory trade and it isn’t a associated get together transaction,” the insurance coverage firm mentioned in a regulatory submitting.
It added, “The sale transaction undertaken on July 04, 2022, resulted within the cumulative change in holding by greater than 2% from the holding place for which the final disclosure was made to the exchanges on April 01, 2021 beneath SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011.”
Westlife Improvement has a market cap of ₹8,036.17 crore as of 4 July.
ICICI Prudential Life Insurance coverage Firm Ltd. belongs to the Insurance coverage – Life business.
The agency final month introduced a report bonus of ₹969 crore for policyholders in FY2022, 12% increased than the previous fiscal.
Icici Prudential Life Insurance coverage Comp Ltd’s scrip dropped 2.42% to shut at ₹498.95 apiece on NSE.
Supply: Live Mint