ICICI BANK RAKES RS 3,090 CR BY DIVESTING STAKE IN GENERAL, LIFE INSURANCE BUSINESSES

Highlights

• On Friday, ICICI Bank sold 3.8 percent stake worth Rs 2,250 crore in ICICI Lombard

• In its BSE filing, ICICI Bank said all the divestments are done in order to strengthen the balance sheet

• The stocks of ICICI Bank were trading at Rs 372.05 on Monday morning session

Three days after selling its stake in ICICI Lombard for Rs 2,250 crore, country’s second-biggest private....