ICICI Bank gets extension for stake reduction in ICICI Lombard General Insurance Company Ltd

ICICI Bank Limited (Bank) is in receipt of a letter dated March 10, 2023 from the Reserve Bank of India conveying its approval to the Bank's request for extension of time till September 9, 2024 for divesting the Bank's shareholding in ICICI Lombard General Insurance Company Limited (Company) to less than 30% of the Company's paid up capital subject to the conditions of Government of India's notification F. No. 7/16/2022-BOA.l dated February 21, 2023.

Shares of ICICI Bank Limited was last trading in BSE at Rs. 842.80 as compared to the previous close of Rs. 856.05. The total number of shares traded during the day was 190751 in over 10768 trades.

The stock hit an intraday high of Rs. 845.90 and intraday low of 836.30. The net turnover during the day was Rs. 160549766.00.

Source : Equity Bulls

Keywords

ICICIBank INE090A01021 IBN RBI Extension StakeSale ICICILombardGeneralInsuranceCompany