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ICICI Bank has divested 18,000,000 equity shares of the face value of how many rupees each of ICICI Lombard General Insurance Company Ltd.?

ICICI Bank has divested 18,000,000 equity shares of the face value of how many rupees each of ICICI Lombard General Insurance Company Ltd.? Correct Answer 10

  • ICICI Bank has divested 18,000,000 equity shares of the face value of ₹10 each of ICICI Lombard General Insurance Company Ltd.
  • It represents 3.96% of its equity share capital on March 31, 2020, on the stock exchange for an approximate total consideration of Rs. 2,250 cr.
  • The ICICI Bank's shareholding in ICICI Lombard General Insurance Company Ltd now stands at approximately 51.9%.

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