 "ICICI Pru IPO: Could raise Rs 1,800 cr from anchor investors")
Prudential Corporation Holdings, the joint –venture partner in ICICI Prudential Life Insurance, is planning to sell 3.71 per cent equity or 53.26 million shares in the life insurance firm for a floor price of Rs 300 per share. The sale of equity by the Prudential Corporation Holdings will fetch the company Rs 1,598 crore.
The floor price of the offer for sale has been set at a discount of 6.8 per cent to the last closing price of Rs 322 of the private insurer on Monday.
This stake sale has been done to reach the minimum threshold of public shareholding of 25
