Home  |  Advertise  |  Contact Us
11:45 am - Thursday December 14, 2017

ICICI Lombard General Insurance IPO opens on Friday

Agencies, Kolkata

ICICI Lombard General Insurance Company Ltd today announced to open an initial public offering (IPO) up to 86,247,187 equity shares of face value of Rs 10 each from Friday.

The offer closes on September 19.

The offering for sale of up to 31,761,478 equity shares by ICICI Bank Limited (promoter) , and up to 54,485,709 equity shares by FAL Corporation (“FAL” or the investor selling shareholder).
Together with the promoter selling shareholder, the “Selling Shareholders”) (“Offer”), including a reservation of up to 4,312,359 equity shares for purchase by ICICI Bank shareholders.

The Offer would constitute 19.

 

Posted in: Business

You might like:

India, China see Doklam defusion as reflective of their political maturity: MEA India, China see Doklam defusion as reflective of their political maturity: MEA
US ready for talks with NKorea without precondition: Tillerson US ready for talks with NKorea without precondition: Tillerson
Cook not thinking about retirement Cook not thinking about retirement
Female foeticide: Apex court steps in to curb sex determination tests Female foeticide: Apex court steps in to curb sex determination tests