ICICI Prudential Life Insurance Company witnessed a significant block trade on the National Stock Exchange (NSE), highlighting substantial institutional activity in the insurance sector.

Block Trade Details

The transaction involved a considerable volume and value, demonstrating strong institutional interest in the life insurance company's shares.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, pension funds, or other significant market participants. These transactions are conducted separately from the regular market to avoid impacting normal price discovery mechanisms and market liquidity.

The execution price of ₹652.90 per share for this substantial volume indicates the market's current valuation assessment for ICICI Prudential Life Insurance shares. Such transactions often reflect strategic portfolio adjustments by large institutional holders or new institutional investments in the company.

Transaction Impact

The block trade involving over one million shares represents a meaningful transaction in the company's stock, suggesting active institutional participation. Block deals are typically pre-negotiated transactions between large buyers and sellers, allowing for efficient execution of substantial volumes without causing significant market disruption.

ICICI Prudential Life Insurance Company Limited has received a significant GST order from tax authorities in Rajasthan, involving a total demand of ₹13.53 crores related to FY2019. The company disclosed this development to stock exchanges on December 26, 2025, in compliance with regulatory requirements under SEBI Listing Regulations.

GST Order Details

The Deputy Commissioner of State Tax, Rajasthan State, issued the order under Section 74 of the Goods and Service Tax Act, 2017, which was received by the company on December 26, 2025, at 11:31 a.m. The order upholds a tax demand that was previously raised under Form GST DRC 07, specifically relating to the reversal of input tax credit as per GST law.

Financial Implications

The GST order involves substantial financial components across multiple categories:

Despite the significant monetary value of the order, ICICI Prudential Life Insurance has indicated that there is no financial impact at this stage, suggesting the company's confidence in challenging the order through the appeals process.

Company's Response Strategy

The insurance company has outlined a clear course of action in response to the GST order. ICICI Prudential Life Insurance plans to file an appeal against the order before the Commissioner (Appeals) within the prescribed timelines as mandated by GST regulations. This approach demonstrates the company's intention to contest the tax demand through proper legal channels.

Regulatory Compliance

The disclosure was made under Regulation 30 and Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details about the communication received from tax authorities, including the nature of the order, financial implications, and planned response actions. Company Secretary Priya Nair signed the disclosure, ensuring compliance with all regulatory requirements and maintaining transparency with stakeholders regarding this material development.