ICICI Prudential Life to ask IRDAI to change Prudential's status to investor
ICICI Prudential Life Insurance is set to request permission from the IRDAI to change the status of Prudential Corporation Holdings from a promoter to an investor. This decision comes after ICICI Bank and Prudential entered into an agreement to resolve possible conflicts of interest linked to Prudential’s planned 75% buyout of Bharti Life Insurance. As part of this deal, Prudential is required to step down from its position as a promoter.
by shortkt.com✓