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ICICI Bank to offload 2% in ICICI Prudential Life Insurance

IANS  |  Mumbai 

Lending on Wednesday said that its Board has approved the sale of up to 2 per cent in the joint venture, ICICI Prudential Life Insurance, in one or more tranches.

The bank, in a filing, said that the sales can be carried out "in any manner permissible under applicable law, including through an 'offer for sale by promoters through stock exchange mechanism'".

On Wednesday, the stock of on the closed at Rs 410.25, down Rs 11.70 or 2.77 per cent from its previous close of Rs 421.95 per equity share.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 23:06 IST
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