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