ICICI Prudential Life Insurance Company has announced its intention to exercise a call option on its non-convertible debentures, with redemption at par. The debentures amount to ₹12.00 billion. The exercise date is set for November 6, 2025. This decision follows receipt of approval from the Insurance Regulatory and Development Authority of India (IRDAI) .
Call Option on Debentures
ICICI Prudential Life Insurance Company will exercise its call option, redeeming at par 12,000 non-convertible debentures. The total value of the debentures is up to ₹12.00 billion. The intended date for the call option exercise is November 6, 2025. This action will be conducted in accordance with regulatory guidelines and internal approvals.
Regulatory Approval Received
The company has received official approval from the Insurance Regulatory and Development Authority of India (IRDAI) to proceed with the call option. This approval ensures compliance with Regulation 48 of the relevant regulations concerning capital structure and related matters. The company confirms that the exercise of the call option aligns with these regulatory requirements.
Financial Impact
Post exercising the call option on November 6, 2025, ICICI Prudential Life Insurance Company expects its solvency margin to remain above 180%, meeting regulatory requirements. There are no penalties or restrictions associated with this transaction.
Source: BSE
