ICICI Lombard shares fall on trading debut after $ 871 million IPO

ICICI Lombard shares fall on trading debut after $ 871 million IPO

Source : REUTERS
Last Updated: Wed, Sep 27, 2017 10:42 hrs

MUMBAI: ICICI Lombard General Insurance Co Ltd, India's top private sector non-life insurer, fell as much as 3.4 percent in its market debut on Wednesday, after its initial public offering last week raised $871 million.

As of 0431 GMT, ICICI Lombard shares were trading at 643.50 rupees on the National Stock Exchange, 2.7 percent lower than the IPO issue price of 661 rupees.

($1 = 65.4500 rupees)