ICICI Prudential Life Insurance Company Limited to raise up to ₹ 12 billion

The Board of Directors ("Board") of ICICI Prudential Life Insurance Company Limited has at their meeting held on October 7, 2020, which commenced at 2.30 p.m. IST and concluded at 3.00 p.m. IST, approved raising capital by issuance of subordinated debt instruments in the nature of rated, listed, redeemable, unsecured, fully paid-up, non-cumulative, non-convertible debentures ("NCDs") up to ₹ 12.00 billion, in one or more tranches, for cash, at par, on a private placement basis, subject to regulatory and any other approval(s), as may be required.

Shares of ICICI Prudential Life Insurance Company Ltd was last trading in BSE at Rs.433.8 as compared to the previous close of Rs. 430.6. The total number of shares traded during the day was 77960 in over 4519 trades.

The stock hit an intraday high of Rs. 442.45 and intraday low of 431.3. The net turnover during the day was Rs. 34119176.

Source : Equity Bulls

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