ICICI Prudential share price declines nearly 4% on stake sale news
after close1 source ↓written by the desknot a recommendation
- which holds
- 21.93% stake
- stands
- ₹82,000 cr
ICICI Prudential's share price fell nearly 4% today, trading at ₹568.35 amid concerns over its major shareholder. Prudential Corp, which holds a 21.93% stake, is reportedly considering a complete exit from the company, triggering significant selling pressure. The market capitalization now stands at over ₹82,000 cr.
This development raises investor caution and may impact market sentiment in the insurance sector.
Not investment advice. For informational purposes only.