Insurance IPO: ICICI Prudential Life files DRHP for Rs 5,000 cr open issue

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ICICI Prudential Life Insurance Co Ltd has filed for an initial open charity of shares, according to a breeze handbill expelled on Monday, in what will be a country’s initial word zone IPO.

ReutersReuters

Reuters

Sources told Reuters final week a IPO would be value about Rs 5,000 crore ($745 million).

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Top Indian private zone lender ICICI Bank, that owns scarcely 68 percent of a insurer, is offered adult to 181.34 million shares in a IPO, according to a prospectus.

Britain’s Prudential PLC, with scarcely 26 percent of ICICI Pru Life, is not offered any of a stake, a request showed.

ICICI Pru Life is approaching to be listed after this year.

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