Photo: Exchange4media
ICICI Lombard Becomes 1st Pvt Insurer To Get Office In GIFT City
The ICICI Lombard General Insurance has become the first private insurer to create an IFSC Insurance Office in GIFT city of Gujarat’s Gandhinagar. Reportedly, the office at the Gujarat International Finance Tec-City - India’s first operational smart city - will help the non-life insurer to tap opportunities in direct insurance and reinsurance sectors. Moreover, it will aid ICICI to expand its international business by providing offshore… read-more
Tags: ICICI LOMBARD, Gujarat, Gandhinagar, IFSC, IIO, GIFT City, Smart City
Courtesy: Free Press Journal
Photo: India.com
Enforcement Directorate Arrests Deepak Kochar in ICICI-Videocon Case
In ICICI-Videocon case, Enforcement Directorate (ED) on September 7 has arrested former ICICI Bank CEO Chanda Kochar's husband, Deepak Kochar, under the provisions of the Prevention of Money Laundering Act (PMLA). The case pertains to the irregularities in loan extended by ICICI Bank to Videocon group when Chanda Kochar was the chief of ICICI. Report states… read-more
Tags: ICICI, scam, ICICI LOMBARD, Enforcement
Courtesy: ANI news
Photo: Twitter / ICICILombard
Bharti AXA General Insurance to be Acquired by ICICI Lombard
ICICI Lombard General Insurance announced that it will be acquiring Bharti AXA General Insurance in all the stock transactions. Bharti AXA General Insurance's 51% stake is owned by Bharti Enterprises and 49% by French insurer AXA. After the acquisition, the shareholders of Bharti AXA General Insurance will get two shares of ICICI Lombard General Insurance for every 115 shares owned. The deal amount for the acquisition is not disclosed.
Tags: ICICI LOMBARD, BHARTI AXA, GENERAL INSURANCE, SCHEME OF ARRANGEMENT
Courtesy: The Times Of India
