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The Economic Times
The Economic Times
Akash Podishetti

ICICI Pru Life shares crash nearly 9% after Prudential plans stake cut below 10%

Prudential Insurance ICICI Prudential Life Insurance ICICI Bank ICICI Prudential Life VNB

Shares of ICICI Prudential Life Insurance fell sharply on Monday after promoter Prudential plc is likely to reduce its holding in the insurer to below 10% as part of its proposed acquisition of a controlling stake in Bharti Life Insurance.

The stock plunged nearly 9% its lowest level in more than two years, before recovering some losses. Shares were last trading around 3% lower compared with the previous close.

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