ICICI Bank to retain majority stake in ICICI Prudential Life Insurance
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ICICI Bank plans to retain its majority stake in ICICI Prudential Life Insurance, currently at 50.89%. This follows Prudential plc's decision to reduce its stake below 10% after acquiring Bharti Life Insurance. ICICI Bank may acquire an additional 2% from Prudential plc, increasing its holding above 51%. Prudential is expected to offload around 10% of its remaining stake. ICICI Prudential's shares fell 3.64% to ₹515.75 on the BSE.
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