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Jul 14, 2014
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ICICI Bank to list insurance units when valuations optimum’
Top private sector lender ICICI Bank will consider listing its two insurance units to unlock value at an opportune time when it feels that valuations are optimum, bank chief Chanda Kochhar has said.“We will take this step when we feel that the valuations are really optimum. We can mainly look at two insurance companies — life and general insurance units,” Kochhar said. While making it clear there were no immediate plans for listing of any of its subsidiaries, she said, “Clearly, at some point of time we will look at some amount of unlocking of value, more so from the point of view that it establishes a benchmark and it is always good to have a benchmark. “But thing is that we do not really need capital, whether it is in the bank or in the insurance company," Kochhar told PTI in an interview.
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http://www.financialexpress.com
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