UNO Minda has successfully completed the acquisition of remaining shares in UMBM, making it a fully owned subsidiary. This strategic acquisition represents the final step in UNO Minda's process to gain complete ownership and control over UMBM's operations.

Acquisition Details

The completion of this share purchase transaction means UNO Minda now holds 100% ownership in UMBM. The company has finished purchasing all outstanding equity stakes that were previously not under its control, effectively consolidating its position in the subsidiary.

Strategic Implications

This acquisition completion strengthens UNO Minda's corporate structure by bringing UMBM under full ownership. The move provides the company with complete operational control and decision-making authority over the subsidiary's business activities.

The transaction aligns with UNO Minda's expansion strategy in the auto ancillaries sector, where the company continues to build its market presence through strategic acquisitions and subsidiary consolidation.

Corporate Structure Enhancement

With UMBM now operating as a fully owned subsidiary, UNO Minda can implement integrated business strategies and streamline operations across its corporate structure. This complete ownership model enables better coordination and resource allocation within the group's business framework.

ICICI Prudential Life Insurance Company Limited has announced the allotment of equity shares under two employee schemes on December 16, 2025. The company allotted a total of 78,351 equity shares through its Employee Stock Option Scheme and Employee Stock Unit Scheme at 12:05 p.m. IST.

Share Allotment Breakdown

The allotment was executed under two distinct employee schemes:

Scheme Details and Timeline

The allotment encompasses shares from the ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005) and the ICICI Prudential Life Insurance Company Limited - Employees Stock Unit Scheme (2023). The allotment was completed on December 16, 2025, at 12:05 p.m. IST, with formal communication sent to both BSE Limited and National Stock Exchange of India Limited.

Employee Benefit Programs

The dual-scheme approach reflects the company's comprehensive employee compensation strategy. The Employee Stock Option Scheme (2005) represents the company's long-standing commitment to employee equity participation, while the newer Employee Stock Unit Scheme (2023) demonstrates the evolution of employee benefit programs. These schemes enable eligible employees to acquire equity stakes in the company, aligning their interests with shareholder value creation.

Corporate Communication

The allotment was formally communicated to stock exchanges by Company Secretary Priya Nair (ACS 17769). ICICI Prudential Life Insurance Company Limited operates from its registered office at ICICI Pru Life Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025, with Corporate Identification Number L66010MH2000PLC127837.