MUMBAI: ICICI Prudential Life Insurance Co has picked arrangers for an initial public offering (IPO) of as much as 60 billion rupees (US$892mil), people familiar with the matter said, in what could be India’s biggest first-time share sale in six years.
The country’s largest private-sector life insurer selected Bank of America Corp and ICICI Securities Ltd to lead an offering scheduled for this year, according to the people, who asked not to be identified because the information is private.
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