Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.
The bank has now raised Rs 3,090 crore by selling stake in its life and general insurance subsidiaries
Business Standard brings to you a snapshot of the top events of the day
For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government
Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings
Post-tax returns are likely to be higher if you hold these funds for a year
The recent Budget 2020 proposals came like a bolt from the blue for the life insurance firms. A knee-jerk reaction saw stocks of private life insurers plunge 6-13 per cent at the bourses on Saturday.
Credit risk funds invest mainly in corporate bonds that are below the highest rating assigned by credit rating agencies
It is difficult to make a call on the near-term market outlook as quality names continue to be costly and value names languish
With a research-driven process and an eye for opportunities, Banthia, senior fund manager-fixed income, ICICI Prudential AMC, beat the market and peers over the last year
ICICI MF's new product allows investors in the fund house's liquid fund to pay for health care expenses
The company will launch its fifth affordable housing project tomorrow, which has about 730 units, at Gurgaon in a price range Rs 16-22 lakh
It will be the first IPO from a life insurance company in the country
This IPO is the first by an insurer in India and the biggest in nearly six years
Given its business strengths, sound financials and high growth potential, long-term investors could consider the public offer
Till December, ICICI Prudential had 21.31 per cent public shareholding
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
In the life insurance business, balance sheets are driven by the float on the premium received
In absolute numbers, PAT of the life insurer stood at Rs 297 crore in Q3 FY19 against Rs 301 crore in the third quarter of FY 18
Here is a look at Morningstar's take on ICICI Prudential Savings Fund