ICICI Prudential seeks regulator nod to strip Prudential of promoter rights before Bharti Life deal
ICICI Prudential Life filed with IRDAI to reclassify Prudential Corp Holdings from promoter to investor, a move designed to curb potential conflicts after Prudential’s planned 75% buy of Bharti Life. The reclassification will limit Prudential’s voting rights, reassuring regulators and shareholders that the deal won’t distort governance.