ICICI Prudential prices IPO at top

India's largest life insurer completes the country's biggest flotation in six years.

ICICI Prudential prices IPO at top

ICICI Prudential completed India's largest initial public offering in six years on Wednesday, securing a premium valuation at a time when the country's equity markets are riding a wave of positive momentum.

Sources close to the deal said the 181.4 million share offering has been priced at Rs334 per share, the very top of a Rs300 to Rs334 indicative range.

An official announcement is expected on Thursday morning, reporting deal proceeds of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...