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The offer-for-sale by ICICI Bank, promoter of ICICI Prudential Life Insurance, opens on Thursday (for non-retail investors) and on Friday (for retail investors). ICICI Bank plans to sell 1.435 crore shares (representing 1 per cent of ICICI Prudential) with an option to sell an additional 1 per cent. It has fixed the floor price at ₹390. Currently, ICICI Bank holds 80.71 per cent stake in the arm and the aim is to achieve the minimum public holding norm of 25 per cent.
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