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COMPASSVALE INVESTMENTS
SBI in talks to sell 5% in life insurance subsidiaryThe process has been kick-started and Information Memorandum, or IMs, have been sent out to prospective buyers.- ICICI Bank sells part stake in insurance firms for Rs 2,200 croreICICI Bank said it has sold 9% stake in its general insurance venture ICICI Lombard while 2% stake in life insurance subsidiary ICICI Prude...
- Nippon Life, AIA, Sun Life & 12 other FDI proposals clearedBig-ticket investments in the insurance sector by Nippon Life Insurance, AIA International, Sun Life and Aviva Life were among 15 proposals
- ICICI Bank stock gains 2% on stake saleShares of ICICI Bank today surged nearly 2 per cent on the bourses after the company said it will sell 6 per cent stake in its life insuran...
- ICICI to sell 6% stake in life insurance JV to Premji Invest, Temasek arm for Rs 1,950 croreThe deal values the company at Rs 32,500 crore, which makes it the most valuable private sector insurer.
- ICICI Bank to sell 6% stake in life insurance unit to Compassvale Investments, Azim PremjiThe stake sales will value ICICI Prudential Life Insurance Co Ltd at Rs 325 billion ($4.9 billion), the bank said in a statement.
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