ICICI Bank said it has sold 1.5 per cent stake in its life insurance subsidiary for around Rs 840 crore with an aim to strengthen the balance sheet. Last week, the lender had informed exchanges about selling a little less than 4 per cent stake in its general insurance subsidiary for Rs 2,250 crore.
ICICI Bank sells 1.5% stake in life insurance arm for Rs 840 crore
Date posted: Saturday 4 July 2020