ICICI Prudential Life Insurance Approves ₹12 Billion Debenture Call Option and Board Changes

ICICI Prudential Life Insurance Company Limited has approved the issuance of ₹12 billion in non-convertible debentures over the next year. The company will also exercise a call option to redeem existing debentures worth ₹12 billion on November 6, 2025. Board changes include the resignation of two non-executive directors and the appointment of two new non-executive directors, Mr. Navin Tahilyani and Mr. Samit Upadhyay, effective September 13, 2025. A postal ballot process has been initiated for shareholder approval of the new appointments.