Thursday 14 June 2018

ICICI Prudential Life extends fall on promoter stake sale plan

The stock has dipped 3% to Rs 397, extending its previous day's 3% fall on the BSE after the promoter ICICI Bank proposed to sale up to 2% stake of the company through OFS, which begins today . ICICI Prudential Life Insurance Company dipped 3% to Rs 397 in early morning trade, extending its previous day’s 3% fall on the BSE after the promoter ICICI Bank proposed to sale up to 2% stake of the company through offer for sale (OFS) route, which begins today. ICICI Prudential Life, which was trading at its lowest level since April 24, 2018, has fallen 13% from its recent high of Rs 455 on May 11, 2018. On comparison, the S&P BSE Sensex was up marginally by 0.03% during the period.


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