ICICI to list four subsidiaries

ICICI Bank will list at least four of its subsidiaries, starting with its brokerage arm ICICI Securities, and the process would commence within six months, Managing Director and Chief Executive Officer K V Kamath said. Noting that ICICI Securities could be the first of the lot to hit the capital market, he said it could be soon followed by two insurance arms - life insurance unit ICICI Prudential and general insurance arm ICICI Lombard - and the bank’s housing finance arm. Kamath said there could be two more probable listings - that of mutual fund arm and private equity business ICICI Ventures, but they could take some time.