ICICI Pru Life to become ICICI Life as Prudential seeks reclassification | Insurance News
The board of ICICI Prudential Life Insurance on Monday approved a proposal to rename the company ICICI Life Insurance, as it initiated the regulatory process to reclassify Prudential Corporation Holdings from a ‘promoter’ to an ‘investor’ following the latter’s proposed acquisition of a 75 per cent stake in Bharti Life Insurance. The…