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ICICI Lombard falls 8% after block deals

At 01:10 pm, around 13.3 million shares, representing 2.9 per cent of the total equity, changed hands on the NSE, the exchange data shows

ICICI Lombard
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ICICI Lombard

SI Reporter Mumbai
ICICI Lombard General Insurance Company has slipped 8 per cent to Rs 1,081 on the National Stock Exchange (NSE) in intra-day trade on Tuesday after nearly 3 per cent of total equity of the company changed hands through block deals.

At 01:10 pm, around 13.3 million shares, representing 2.9 per cent of the total equity, changed hands on the NSE, the exchange data shows. The name of buyers and sellers were not ascertained immediately.

Last month, on May 28, Integrated Core Strategies (Asia) PTE had sold 2.75 million shares or 0.60 per cent stake in general insurance company