ICICI Prudential has announced that ICICI Bank is set to become the sponsor of ICICI Prudential Pension Funds Management Company Limited (ICICI PFM). This follows approval from the Pension Fund Development and Regulatory Authority of India. The change in sponsorship is subject to certain compliance conditions. The announcement was made on January 6, 2026, and further details are awaited.
Sponsorship Approval Received
ICICI Prudential has received approval for ICICI Bank to become the sponsor of ICICI Prudential Pension Funds Management Company Limited (ICICI PFM). The approval was granted by the Pension Fund Development and Regulatory Authority of India (Authority) via their letter dated January 5, 2026.
Details of the Change
The announcement confirms that ICICI Bank will take over as the sponsor of ICICI PFM, subject to certain compliance conditions. This development follows the previously announced sale of the entire 100% equity shareholding in ICICI Prudential Pension Funds Management Company Limited to ICICI Bank Limited.
Source: BSE
