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Three in final race for 35% stake in ICICI Lombard

Three in final race for 35% stake in ICICI Lombard

Tuesday, March 28, 2017, 9:43 AM

Bulgebracket private equity funds Warburg Pincus, Carlyle and Temasek have been shortlisted for a 35% stake in ICICI Lombard General Insurance Co Ltd, the country’s largest private sector general insurer, in a deal that could fetch up to $1 billion. The selection took place late last week after bids were received from four potential investors.
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