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ICICI Pru Life shares crash nearly 9% after Prudential plans stake cut below 10%
ICICI Prudential Life Insurance shares fell sharply on Monday after reports that promoter Prudential plc may reduce its stake below 10% following the acquisition of Bharti Life Insurance. The move raised concerns over ownership structure and strategic alignment, though ICICI Bank clarified it will retain majority control in the insurer.
Here's why ICICI Prudential Life Insurance shares will be in focus on Monday
Shares of ICICI Prudential Life Insurance are down 21% so far in 2026, underperforming its peers such as HDFC Life, which is down 19%, LIC, which has declined 6%, and SBI Life, which is down 9% so far this year. The stock though, continues to trade above its issue price of ₹334.
Prudential Plc to buy 75% Bharti Life stake for ₹3,500 crore, cut ICICI Pru Life holding to 10%
The London-based insurer says the move marks a strategic reset in India, as it secures majority control of Bharti Life Insurance while complying with regulations on ICICI Prudential stake reduction.
Delhivery Q4 Results | Net profit flat amid strong revenue growth
Shares of Delhivery Ltd ended at ₹475.70, up by ₹5.40, or 1.15%, on the BSE.
Hind Rectifiers Q4 Results | Net profit slides 55% despite 51% revenue growth
On Friday (May 15), shares of Hind Rectifiers Ltd ended at ₹945.30, up by ₹38.30, or 4.22%, on the BSE.
Latent View Analytics Q4 Results | Net profit slips 1% despite 24% revenue growth
On Friday (May 15), shares of Latent View Analytics Ltd ended at ₹306.50, up by ₹16.25, or 5.60%, on the BSE.
Godrej Industries Q4 profit more than doubles to ₹444 cr; okays ₹1,500-cr NCD issue
Revenue for the quarter grew 33.1% YoY to ₹7,694 crore as most segments recorded double-digit growth. Shares of Godrej Industries Ltd ended at ₹1,132.05, down by ₹19.95, or 1.73%, on the BSE today, May 15.
Gland Pharma Q4 profit surges 2x on strong US launches, CDMO growth; declares ₹20 dividend
The board recommended a final dividend of ₹20 per equity share for FY26, subject to shareholder approval. Shares of Gland Pharma Ltd ended at ₹1,861.00, down by ₹34.15, or 1.80%, on the BSE.
Private banks top pick for FY27; RBI rate hike likely in second half of the year: ICICI Pru Life
Jitendra Arora, Chief Equity & Fund Manager at ICICI Prudential Life Insurance, says large private banks are his top sector bet for FY27, with an RBI rate hike likely in H2. He also likes power generation and select EPC stocks. On the broader market, he says domestic flows are acting as a buffer against FII selling, keeping indices range-bound. On metals, he advises holding existing positions but not adding fresh. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Endurance Tech Q4 net profit rises 13% on strong revenue growth; declares ₹11.50 dividend
Shares of Endurance Technologies Ltd ended at ₹2,618.80, up by ₹86.65, or 3.42%, on the BSE.
Burger King parent Restaurant Brands Asia cuts Q4 loss to ₹43 cr on strong EBITDA growth
Revenue rose 11.7% year-on-year to ₹706.8 crore while margins improved to 13.4% from 11.6%. Shares of Restaurant Brands Asia Ltd ended at ₹66.77, up by ₹0.16, or 0.24%, on the BSE today, May 14.
Chambal Fertilisers Q4 profit surges 30% on EBITDA growth; declares ₹6 dividend
EBITDA surged 56.1% to ₹255.1 crore from ₹163.4 crore a year earlier, while the EBITDA margin expanded to 9.2% from 6.7% YoY. Shares of Chambal Fertilisers and Chemicals Ltd ended at ₹426.40, down by ₹2.55, or 0.59%, on the BSE today, May 14.