ICICI Bank to Retain Majority Stake in ICICI Prudential Life

ICICI Bank announced its intention to retain its majority shareholding in ICICI Prudential Life Insurance Company Limited. This clarification comes after its subsidiary, ICICI Prudential Life, informed the bank about a press release from their joint venture partner, Prudential Corporation Holdings Limited. Prudential Plc is repositioning its India operations by taking a controlling stake in Bharti Life Insurance, prompting ICICI Bank to reaffirm its long-term commitment to ICICI Prudential Life.