ICICI Pru Life opens biggest IPO in 6 years
ICICI Prudential Life Insurance's initial public offering (IPO), the first ever by an Indian insurer, opened for subscription on Sunday and is the biggest local IPO in last six years. The company aims to raise about ₹6,000 crore through the issue, which will close on September 21. Currently, ICICI Prudential Life Insurance is India's largest private sector life insurer.