| ICICI Bank Ltd., India’s largest private-sector lender, is in talks to sell part of its stake in an insurance unit to Temasek Holdings Pte and Carmignac Gestion for about $300 million, people familiar with the matter said.
The Mumbai-based lender plans to complete an agreement to sell about 5% of ICICI Prudential Life Insurance Co. by the end of March, the people said, asking not to be identified as the matter is private. The venture, which is part-owned by Prudential Plc, is India’s biggest private-sector life insurer, according to insurance regulator data...............................................Full Article: Source
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