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Axa Group sells 3.85% stake in ICICI Lombard General Insurance Company

Shares of ICICI Lombard fell 1.8% to end at Rs 1,548.

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Illustration: Ajay Mohanty

1 min read Last Updated : Oct 06 2021 | 2:10 AM IST

Societe Beaujon, an affiliate of Axa Group, on Tuesday sold 3.85 per cent stake in ICICI Lombard General Insurance Company.

The French insurance firm sold 17.52 million shares at Rs 1,540 apiece, the block deal data showed.

The share sale fetched nearly Rs 2,700 crore. Shares of ICICI Lombard fell 1.8% to end at Rs 1,548.

Topics : AXA ICICI Lombard General Insurance