Red Bloom Investment Ltd dumps 14,278,821 shares of ICICI Lombard General Insurance Company Ltd

Red Bloom Investment Ltd, a company wholly owned by private equity funds managed by Warburg Pincus LLC has sold 14,278,821 equity shares of ICICI Lombard General Insurance Company Ltd at an average price of Rs. 800 per share.

The sale happened through bulk deal window at BSE on November 30, 2018. The buyers are:

MASSACHUSETTS INSTITUTE OF TECHNOLOGY (300,000 shares), BNP PARIBAS ARBITRAGE (480,000 shares), CANARA ROBECO MUTUAL FUND (126,000 shares), DSP BLACKROCK MUTUAL FUND (1,500,000 shares), SBI MUTUAL FUND (625,000 shares), SUNDARAM MUTUAL FUND (350,000 shares), TATA MUTUAL FUND (875,000 shares), FIDELITY FUNDS ASIA PACIFIC DIVIDEND FUND (1,924,891 shares), UBS PRINCIPAL CAPITAL ASIA LTD (262,500 shares), KOTAK FUNDSINDIA MIDCAP FUND (875,000 shares), RWC GLOBAL EMERGING EQUITY FUND (2,187,500 shares), ISHARES EDGE MSCI EM MINIMUM VOLATILITY UCITS ETF (209,432 shares), PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED LT (1,875,000 shares), IIFL SPECIAL OPPORTUNITIES FUND SERIES 4 (351,480 shares), IIFL SPECIAL OPPORTUNITIES FUND SERIES 5 (451,997 shares), IIFL SPECIAL OPPORTUNITIES FUND SERIES 7 (446,521 shares), KOTAK EQUITY HYBRID (187,500 shares), BNP PARIBAS ARBITRAGE (126,000 shares) and ICICI PRUDENTIAL MUTUAL FUND (1,125,000 shares).

Shares of ICICI Lombard General Insurance Company Ltd was last trading in BSE at Rs.832.15 as compared to the previous close of Rs. 801.05. The total number of shares traded during the day was 14335622 in over 4156 trades.

The stock hit an intraday high of Rs. 840 and intraday low of 801.55. The net turnover during the day was Rs. 11469750085.

Source : Equity Bulls

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