ICICI Bank offers 8.62 crore equity shares in proposed IPO of ICICI Lombard

Reserves 43.12 lakh equity shares for ICICI Bank shareholders

ICICI Bank announced that the proposed IPO of its subsidiary ICICI Lombard General Insurance Company (ICICI Lombard) comprises of an offer for sale of 8,62,47,187 Equity Shares by ICICI Bank and FAL Corporation at the Offer Price of Rs 661 per Equity Share aggregating to Rs 5700.94 crore (subject to finalisation of Basis of Allotment), including a reservation of 43,12,359 Equity Shares for purchase by ICICI Bank Shareholders for cash at a price of Rs 661 per Equity Share aggregating to Rs 285.05 crore (subject to finalisation of Basis of Allotment).

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