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3:08 pm - Tuesday October 21, 4375

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

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