HomeNewsBusinessMarketsGovt of Singapore picks up 1.14% stake in ICICI Pru Life, Edelweiss MF acquires 2.45% in Indostar

Govt of Singapore picks up 1.14% stake in ICICI Pru Life, Edelweiss MF acquires 2.45% in Indostar

Glenmark Pharmaceuticals was the star performer of the day, wherein HSBC Pooled Asian Equity Fund sold 18,79,542 shares at Rs 527.77 per share on the NSE.

June 22, 2020 / 20:12 IST
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The Government of Singapore acquired 1.14 percent equity stake in ICICI Prudential Life Insurance Company through open market transactions on June 22.

It bought 1,64,30,820 equity shares (representing 1.14 percent of the total paid up equity capital) of ICICI Prudential at Rs 391.6 per share, as per bulk deals data on the National Stock Exchange.

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The country's second largest private sector lender ICICI Bank offloaded 2.15 crore shares at Rs 391.6 per share, raising Rs 840 crore for strengthening its Balance Sheet.

It had also sold 3.96 percent stake in ICICI Lombard General Insurance for Rs 2,250 crore through block deals on June 19. The counter closed at Rs 367.80, up 1.07 percent.