Rraghunath, I concur with you from the theoretical standpoint that is unlikely to distribute the energy of the overvoltage equally in both arresters in parallel. I suspect that only one arrester will switches on during overvoltage event because small difference in impedance and response time causing potential risk for overload the arrester that operates first.
Contrary to the obove, one reputable surge arrester manufacturer claim that two Metal Oxide Surge Arrester (MOSA) in parallel conduct current at the same time. On the other hand I have recently the opportunity to observe in a current application in Puerto Vallarta, Mexico, a few failures in single arrester but none failure in a parallel connection.
I hope others in this forum could join us discussing if there is any merit using two MOSA in parallel at least for MV distribution application.