|Day's Range||288.75 - 293.30|
|52 Week Range||212.96 - 297.64|
|PE Ratio (TTM)||18.32|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
India's ICICI Bank Ltd and Canada's Fairfax Financial Holdings Ltd will pare their stakes in joint venture insurer ICICI Lombard General Insurance Co Ltd's planned initial public offering (IPO) of shares, the insurer said on Monday. While the size and other details of the IPO will be decided at a future date, ICICI Lombard said the two shareholders in the company had informed it of their intention to sell part of their holdings by way of an offer for sale. ICICI Bank owns 63.3 percent of ICICI Lombard, the largest private sector non-life insurer in India.
Five graduates from the Startupbootcamp fintech accelerator in Mumbai, India, have won pilot schemes with bank sponsors RBL and ICICI Bank.
Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company said on Saturday. Red Bloom Investment Ltd, a company wholly owned by private equity investment funds managed by Warburg Pincus, is buying a 9 percent stake, while two other investors, Tamarind Capital Pte Ltd and IIFL Special Opportunities Fund, are buying 1.59 percent each from Fairfax, ICICI Lombard said in a statement.