ICICI Bank to retain majority stake in ICICI Pru Life as Prudential buys 75% in Bharti Life

ICICI Bank will maintain its majority stake in ICICI Prudential Life Insurance following its partner Prudential's acquisition of a controlling stake in Bharti Life. This move necessitates Prudential reducing its holding in ICICI Prudential Life to below 10%. Despite market jitters, ICICI Bank reaffirms its long-term commitment to the life insurer.

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