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VERIFIEDET Finance·neutral
ICICI Pru Life seeks investor status for Prudential after Bharti Life deal
AI Summary
- ·Prudential Corporation Holdings seeks regulatory approval to change its status in ICICI Prudential Life Insurance.
- ·The move is due to Prudential's agreement to acquire a 75% stake in Bharti Life.
- ·Prudential will reduce its stake in ICICI Pru Life to below 10% to comply with Indian regulations.