ICICI Prudential shares dip 11% on market debut
Shares of ICICI Prudential Life Insurance ended their first day of trade on the stock exchanges nearly 11% below their issue prices on Thursday. This comes after the company’s ₹6,057 crore initial public offering was subscribed 10.48 times last week. ICICI Prudential, an ICICI Bank subsidiary, is the country’s largest private sector life insurer, with assets worth ₹1 lakh crore.