ICICI Lombard plans to list on the stock markets soon once its gets Sebi approval for initial public offering (IPO) in next 2-3 weeks. The due diligence for the 13% stake sale to private equity players will be completed by end of the month.
A limited quantity of shares of ICICI Lombard are available for selling on first cum first serve basis. Offer valid till stocks last. So place your trades soon https://buysellunlistedshares.com/buysell/
ICICI Lombard’s IPO will be the first public listing by a general insurance firm in India. Last year, ICICI Prudential Life Insurance Co. Ltd raised Rs 6,000 crore in an initial share sale, the first public offering by an Indian life insurer. ICICI Bank sold a 12.63% stake through the IPO, which valued the life insurer at around Rs 48,000 crore.
ICICI Lombard General Insurance Company is a joint venture between ICICI Bank and Fairfax Financial Holdings, a Canada based diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.