ICICI Pru Life can retain leadership without acquisition
As ICICI Prudential Life prepares for public offer on September 19, ICICI Bank Managing Director and Chief Executive Chanda Kochhar said that the company will maintain market leadership among private players even without an acquisition.
The company plans to raise Rs 6,000 crore from the IPO, the utilisation of the proceeds of which will be decided by the company’s board, she said. The company has been a market leader since 2002 and has been consistent with it strategy, Kochhar told CNBC-TV18, adding that it believes in customer-centric proposition with a focus on cost efficiency. Kochhar said the protection market is widely under-penetrated in India at the moment and the company will look to tap the opportunity to grow market share further.
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As ICICI Prudential Life prepares for public offer on September 19, ICICI Bank Managing Director and Chief Executive Chanda Kochhar said that the company will maintain market leadership among private players even without an acquisition. 
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