India's ICICI Lombard hopes to raise INR5,700 crore ($890m) via an initial public offering (IPO). Once it goes public, ICICI Lombard will emerge as the country’s first non-life insurer to get listed and also the second insurer to be traded on bourses across the industry. ICICI Lombard, which has about an 8.4% market share of the country's general insurance industry, will be India's first non-life insurer to be listed. The company is expected to list on the Bombay Stock Exchange (BSE) in mid-September.
India's ICICI Lombard hopes to raise INR5,700 crore ($890m) 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 India's first non-life insurer to be listed. The company is expected to list on the Bombay Stock Exchange (BSE) in mid-September.