6,000-crore share sale may be a precursor to more such floats, say analysts, as the private insurance industry moves towards consolidation. Photo: ReutersMumbai: ICICI Prudential Insurance Co. Ltd’s Rs.6,000-crore new share sale that kicked off on Monday will be the first from a life insurance company in India. It may also be a precursor to more such floats, say analysts, as the private insurance industry moves towards consolidation. Already, HDFC Standard Life Insurance Co Ltd has made a move towards getting listed by means of a three-way merger with Max Life Insurance Co. Ltd and Max Financial Services Ltd. Here’s a look at the state of the private sector life insurance industry as it stands now.

Source: Mint September 19, 2016 07:23 UTC