ICICI Bank has successfully completed the acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM). The transaction, initially disclosed on July 19, 2025, involved acquiring shares from ICICI Prudential Life Insurance Company Limited (ICICI Life). Following the completion of all formalities on January 12, 2026, ICICI PFM is now a wholly-owned subsidiary of ICICI Bank.
Full Ownership of ICICI PFM
ICICI Bank has finalized its acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM). This acquisition reinforces ICICI Bank’s position in the financial services sector by fully integrating pension fund management within its portfolio.
Transaction Details
The acquisition process, which began with initial disclosures on July 19, 2025, concluded on January 12, 2026, after fulfilling all necessary formalities. The transaction involved ICICI Bank acquiring the remaining stake in ICICI PFM from ICICI Prudential Life Insurance Company Limited (ICICI Life). As a result, ICICI PFM now operates as a wholly-owned subsidiary of ICICI Bank.
Strategic Rationale
By acquiring complete ownership of ICICI PFM, ICICI Bank aims to streamline operations and enhance synergies between its banking and pension fund management businesses. This move allows for greater strategic control and the ability to offer a more comprehensive range of financial products and services to its customers.
Source: BSE
