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Shares of ICICI Bank will remain in focus on Thursday, as ICICI Prudential Life Insurance will make its stock market debut, becoming the first insurer to list. The ₹6,057-crore IPO was subscribed 10 times, thanks to qualified institutional buyers and non-institutional investors. Parent firm ICICI Bank has divested 12.63 per cent stake in the life insurance arm through offer-for-sale route in the IPO. Post public issue, ICICI Bank’s stake will drop to 54.89 per cent in the insurance firm.
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