ICICI Bank to sell 2% stake in life insurance arm

A pedestrian walks past a logo of ICICI Bank at its headquarters in Mumbai January 30, 2015. REUTERS/Shailesh Andrade/Files

Private sector lender ICICI Bank Wednesday said it will sell up to 2% stake in its life insurance subsidiary ICICI Prudential Life Insurance Ltd. The sale, likely in one or more tranches, will help the bank raise ₹1,180 crore.

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