India's ICICI Pru Life files for country's first insurance IPO

July 18, 2016 5:54 AM

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MUMBAI, July 18 India's ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, according to a draft prospectus released on Monday, in what will be the country's first insurance sector IPO.

Sources told Reuters last week the IPO would be worth about 50 billion rupees ($745 million).

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