ICICI Lombard General Insurance Company to invest Rs 5 cr in Bima Sugam

ICICI Lombard General Insurance Company has approved investment of Rs 5 crore being Company's contribution as non-life insurer in the equity share capital of Bima Sugam India Federation (Bima Sugam). The aggregate investment (including the above) will not exceeding 10% of the paid-up equity share capital of Bima Sugam, subject to commensurate increase in authorised share capital of Bima Sugam.

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