Gulf Sovereign Funds Support ICICI Lombard Offering

Posted on 09/15/2017

A number of sovereign wealth funds have anchored an investment into ICICI Lombard General Insurance Co., India’s largest private sector non-life insurer. ICICI Lombard recently had its initial public offering (IPO), offering 61.67 million shares—excluding the anchor allotment—received bids for 16.67 million shares. Formed in 2001, ICICI Lombard is a joint venture of ICICI Bank […]