ICICI Lombard IPO to open on 15 September

ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd. The company is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017. It was valued at Rs 20,300 crore as per the last deal.

The issue consists of offer for sale of up to 3,17,61,478 equity shares by promoter ICICI Bank, up to 5,44,85,709 shares by investor Fal Corporation. The issue also include a reservation of up to 43,12,359 equity shares for purchase by ICICI Bank shareholders.

Advertisements

Published by

BuySellUnlistedShares

I am oldest dealer in unlisted/ delisted shares. I track stock market and provide timely updates to maximise wealth through highly profitable investment avenues.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s