The Executive Committee of ICICI Prudential Life Insurance Company Limited has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹12.00 billion. This includes a base issue size of up to ₹11.00 billion and a green shoe option to retain oversubscription of up to ₹1.00 billion. The decision was made at a meeting held on November 24, 2025.
NCD Issuance Approval
The Executive Committee of ICICI Prudential Life Insurance Company Limited has approved the terms and conditions for the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹12.00 billion at its meeting held on November 24, 2025.
Issue Details
The NCD issuance includes a base issue size of up to ₹11.00 billion (Rupees Twelve Billion Only) and a green shoe option to retain oversubscription of up to ₹1.00 billion (Rupees One Billion Only). The NCDs will be issued in one or more tranches for cash, in dematerialised form, for a period of 10 years from the Deemed Date of Allotment, subject to the exercise of a Call Option by the Company at the end of 5 years and every year thereafter, on a private placement basis.
Listing
The debentures are proposed to be listed on the National Stock Exchange of India Limited. Further details regarding the issue, including the coupon rate, will be intimated in due course.
Source: BSE