ICICI Prudential Life to issue ₹12 billion NCDs for capital boost
after close1 source ↓written by the desknot a recommendation
- Non-Convertible Debenture NCD
- ₹12 billion
- ₹11 billion
- ₹1 billion
- 10-year tenure
ICICI Prudential Life Insurance has approved a ₹12 billion Non-Convertible Debenture (NCD) issue to enhance its capital structure. The base issue will be ₹11 billion, with a greenshoe option of ₹1 billion. This strategic move reflects the company's commitment to long-term financial stability and growth. 📈
The NCDs will have a 10-year tenure and will be listed on the National Stock Exchange of India. This issuance is expected to strengthen investor confidence and support future growth initiatives.
Not investment advice. For informational purposes only.