Prudential Corp might look to sell its entire 21.93% equity in ICICI Prudential Life through block deal or OFS, sources told CNBC-TV18

ICICI Prudential shares fall up to 4% as report says UK's Prudential looks to exit

Shares of ICICI Prudential Life Insurance Company Limited fell nearly 4% on March 19 as CNBC-TV18 reported that UK's Prudential Corp is looking to exit.

Prudential Corp might look to sell its entire 21.93% equity in ICICI Prudential Life through block deal or OFS, sources told the channel. ICICI Bank owns 50.95% stake in the insurer.

Prudential Corp’s stake in ICICI Prudential Life is valued at Rs 18,500 crore.

Prudential Corp is exploring acquisition of 85% stake held by Bharti Life Ventures (BLVPL) in Bharti AXA Life Insurance, reported CNBC-TV18.

ICICI Prudential Life is a life insurance JV between ICICI Bank and Prudential Corp.