ICICI Pru's Top Holders Weigh $570 Million Offering
- Prudential, ICICI Bank mulling possible deal to pare stakes
- Sale would help ICICI Prudential meet public float requirement
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ICICI Prudential Life Insurance Co.’s two biggest shareholders are weighing a sale of about a 6 percent stake in the Indian insurer, according to people with knowledge of the matter.
Prudential Plc and ICICI Bank Ltd. are considering a possible deal to pare their stakes as soon as in the next few months, said the people, who asked not to be identified as the information isn’t public. The stockholders are weighing a sale to help the Mumbai-based company meet the requirement of a minimum 75 percent public float, according to the people.