ICICI Prudential Life to seek IRDAI nod for Prudential’s promoter-to-investor reclassification
ICICI Bank Ltd. has signed a Letter of Undertaking with Prudential Corporation Holdings Ltd. to govern certain rights relating to their joint venture, ICICI Prudential Life Insurance Company Ltd., as Prudential moves ahead with its proposed acquisition of a controlling stake in Bharti Life Insurance Company Ltd., according to an exchange filing. The undertaking, executed…
