India 's ICICI Lombard hopes to raise ICICI Lombard crore ( about 18 per cent ) via an initial public offering (IPO). ICICI Lombard , which has about an 8.4% market share of the country's general insurance industry, will be Fairfax 's first non-life insurer to be listed. Percentage-wise, this translates to 19 per cent stake – 7.15 per cent of ICICI Bank and 12.27 per cent of Farifax. It has set a price band of INR651 to INR661 per share, and will see stakeholders ICICI Bank and ICICI Bank offload 86.24 million shares.
India 's ICICI Lombard hopes to raise ICICI Lombard crore ( about 18 per cent ) via an initial public offering (IPO). ICICI Lombard , which has about an 8.4% market share of the country's general insurance industry, will be Fairfax 's first non-life insurer to be listed. It has set a price band of INR651 to INR661 per share, and will see stakeholders ICICI Bank and ICICI Bank offload 86.24 million shares.