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ICICI Lombard General Insurance Company (ICICI Lombard), the largest private general insurer, has filed a draft red herring prospectus with market regulator SEBI for a public offering.
First insurer to file DRHPThe proposed public offering, representing about 19 per cent of ICICI Lombard’s equity share capital, would be done through the offer-for-sale (OFS) route.
ICICI Lombard has become the first general insurer in the country to file DRHP for a public offering.
Through the OFS, ICICI Bank, which is the promoter selling shareholder of ICICI Lombard, will offer up to over 3.17 crore equity shares and FAL Corporation (investor selling shareholder) proposes to sell up to over 5.44 crore shares.
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