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ICICI Lombard General Insurance Company files DRHP for proposed IPO

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Public offer comprises of 86,247,187 Equity (19% of equity share capital)

Bank announced that its subsidiary, Lombard General Company has filed a draft red herring prospectus with the Securities and Exchange Board of India for a public offer of up to 86,247,187 Equity of face value of Rs 10 each ('Equity Shares') of Lombard General Company, representing approximately 19.0% of its equity share capital, for cash through an offer for sale of up to 31,761,478 Equity by Bank and up to 54,485,709 Equity by FAL Corporation. The offer includes a proposed reservation of up to 4,312,359 Equity (5.0% of the offer) for individual and Hindu Undivided Family ('HUF') shareholders of Bank.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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