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This is an archive article published on February 7, 2004

ICICI Prudential to hike capital base this year

UK-based Prudential and ICICI Bank may infuse another Rs 50 crore in their life insurance joint venture in view of the increasing business. ...

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UK-based Prudential and ICICI Bank may infuse another Rs 50 crore in their life insurance joint venture in view of the increasing business. ‘‘We may be bringing in another Rs 50 crore this year,’’ Shikha Sharma, managing director and CEO of ICICI Prudential Life, a 74:26 joint venture of ICICI and Prudential, said here on the sidelines of a seminar on “How to Value Life Insurance Companies’’. With increasing business ever since its inception during 2000-01, the partners have infused fresh capital, which stands at Rs 625 crore now. (PTI)

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