India: ICICI Bank shelves plans to sell home finance division

India: ICICI Bank shelves plans to sell home finance division

Photo: Ramesh Pathania/Mint

ICICI Bank Ltd, the country’s biggest private sector lender, has put the plan to sell its subsidiary ICICI Home Finance Co. Ltd on the backburner. A valuation mismatch between the bank and potential private equity buyers prevented a deal from being struck, said two people familiar with the transaction.

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