India's ICICI Pru Life to hire BofA Merrill, ICICI Securities for IPO -IFR

May 6, 2016 3:30 AM

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SINGAPORE/HONG KONG May 6 India's ICICI Prudential Life Insurance is set to hire Bank of America Merrill Lynch and ICICI Securities for its planned $600 million to $700 million initial public offering (IPO), IFR reported on Friday citing two sources close to the plans.

Other banks are likely to join the syndicate for the IPO that is expected in the current financial year ending March 31, IFR, a Thomson Reuters publication, reported.

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