India: ICICI Bank raises $243m in insurance arm pre-IPO, GIC among anchor investors

India: ICICI Bank raises $243m in insurance arm pre-IPO, GIC among anchor investors

Photo: Pradeep Gaur/Mint

Private sector lender ICICI Bank Ltd on Friday raised Rs1,635.33 crore by selling shares in its life insurance arm as part of the Rs 6,056 crore initial public offering (IPO) beginning next week, the company said in a stock exchange filing.

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