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ICICI Bank seeks to sell ICICI Prudential Life Insurance shares in IPO

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ICICI Bank seeks to sell ICICI Prudential Life Insurance shares in IPO

plans to sellpart of its shareholding in ICICIPrudential Life Insurance Co. Ltd. through an IPO.

Thebank's board approved the plan April 29, the same date it released its fiscalfull-year earningsresult. The size of the offering and other details will bedetermined later.

ICICIPrudential Life Insurance is a joint venture between ICICI Bank and U.K.-basedPrudential Plc.