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.
Sources told Reuters final week a IPO would be value about Rs 5,000 crore ($745 million).
India IPO deals burst in Jan-Jun, another $6 billion value seen in a second half
Divestment strategy: Govt skeleton sale of SUUTI interest in 51 companies
Market convene gets a monsoon fillip, Sensex hits 8-month high
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.