Board of ICICI Bank approves sale of upto 2% stake in ICICI Prudential Life Insurance Company

The Board of ICICI Bank on 13 June 2018 approved the sale of up to 2,87,11,100 shares, representing up to 2% of the issued and the paid-up equity share capital of ICICI Prudential Life Insurance Company ('Company') in one or more tranches, in any manner permissible under applicable law, including through an 'offer for sale by promoters through stock exchange mechanism' ('OFS'), as may be permitted and in the manner specified by the Indian regulatory authorities.

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