ICICI Prudential Life Insurance Company Anup Bagchi steps down
ICICI Prudential Life Insurance Company (ICICIPRULI) said Anup Bagchi has ceased; and Anup Bagchi as Managing has resigned; and Sidharatha Mishra, Chief Operating Officer, has been appointed; and Anup Bagchi is enclosed has resigned. The company is valued at…
What happened
ICICI Prudential Life Insurance Company (ICICIPRULI) told the exchanges on 2 October 2026 at 04:59 PM that Anup Bagchi has ceased; and Anup Bagchi as Managing has resigned; and Sidharatha Mishra, Chief Operating Officer, has been appointed; and Anup Bagchi is enclosed has resigned.
From the filing: "Further, the Board, based on the recommendation of BNRC, inter-alia, approved the following matters: • Appointment of Mr."
Company snapshot
ICICI Prudential Life Insurance Company is a mid-cap company in the Financial Services sector, with a market value of about ₹65,002 crore.
The stock last traded at ₹448.1, against a 52-week range of ₹442.4–₹706.8 (36.6% below the high).
Before this filing the shares had moved −10.4% over the month and −8.5% over three months. Average daily turnover over the last 20 sessions was about ₹74.21 crore.
Promoters held 72.73% at the end of Q1 FY27, down 0.07% points from the previous quarter. Foreign institutions owned 10.22% and domestic institutions 11.82%.
What history shows
This is not the company's first management change disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 0.0% on average the next trading day and was up 6.0% on average after five days (3 filings with price data).
Across 300 similar disclosures by other Financial Services companies, shares moved −0.1% on average the next day and −0.3% over five days; 49% of them rose the next day.
Market-wide, 3,846 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 6 Jul 2026 | Resignation of Director/KMP/SMP | −1.0% | +3.9% |
| 6 Jul 2026 | Management change | +0.5% | +7.1% |
| 6 Jul 2026 | Management change | +0.5% | +7.1% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 13 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- ICICIPRULI Outlook for the Week (September 28, 2026 – October 02, 2026)
- ICICI Prudential Life sees 69% growth in retail protection business in Keralam
- HDFC Life, ICICI Prudential Life shares plunge 7% as IRDAI commission proposals rattle insurers
- ICICI Prudential changes company name to ICICI Life Insurance Limited
- ICICI Prudential Life Insurance changes name to ICICI Life Insurance
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.