The ICICI Lombard IPO will launch on 15 September and close on 19 September, the insurance firm said earlier on Thursday. Photo: MintMumbai: ICICI Lombard General Insurance Co. Ltd has set a price band of Rs651-661 per share for its initial public offering (IPO), according to a filing with the stock exchanges on Thursday. The ICICI Lombard IPO will launch on 15 September and close on 19 September, the insurance firm said earlier on Thursday. The ICICI Lombard IPO will see a dilution of over 19% stake—7.15% of ICICI Bank and 12.27% of Fairfax. ICICI Lombard General Insurance is the second insurance company from the ICICI group to go public.

Source: Mint September 07, 2017 16:18 UTC