ICICI Lombard General Insurance company, India's largest private sector non-life insurer in India in terms of gross direct premium income (GDPI), is launching the initial public offer of its shares on Friday. The offering will make it the second ICICI unit to go public after ICICI Prudential Life IPO last year. ICICI Lombard's Rs 5,700 crore IPO will give the company a valuation of Rs 30,000 crore after the issue. The company promoters are set to dilute their holdings by 19 per cent, according to the Press Trust of India.
Here's What You Need To Know About ICICI Lombard's IPO
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