ICICI Prudential Life Insurance’s Offer for Sale (OFS) has been oversubscribed 3.9 times. Investors bid for 210 million shares against 53.26 million shares on offer.
The Prudential Corporation Holdings, a joint venture partner in the company has sold its equity share to the company at a discount of 1.25% at Rs 316 fetching company with Rs1,683 crore. This stake sale has been made to reach the minimum threshold of the public shareholding of 25% in the first three years of listing by any listed company.
ICICI Prudential Life Insurance Company offers a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs.
