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ICICI Prudential raises capital
CHENNAI,
FEB. 9.
ICICI Prudential Life Insurance Company has increased its capital base by Rs. 100 crores to Rs. 925 crores.
This is the eleventh equity increase since its inception. The two partners, ICICI Bank and Prudential Plc., have been issued 10 crore equity shares of Rs.10 each in their existing proportion of 74:26.
The authorised capital of the company stands at Rs.1,200 crores. — Our Special Correspondent
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