ICICI Bank to sell a 2% stake in ICICI Prudential Life in one or more tranches.
ICICI Prudential Life is a joint venture between ICICI Bank and Prudential Corporation Holdings.
ICICI Bank holds the majority shareholding of 54.88, with Prudential's stake at 25.83 per cent (@31/3/18). The rest of the equity is held by public and institutional investors.
The bank said the sale can be through any manner.
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