ICICI Lombard General Insurance Company has informed that the Board constituted Investment Committee of the Company, at its Meeting held today on Tuesday, November 26, 2024, has considered and approved investment of ? 50.0 million being Company’s contribution as non-life insurer in the equity share capital of Bima Sugam India Federation (Bima Sugam). The Investment Committee has also approved an aggregate investment (including the above) not exceeding 10% of the paid-up equity share capital of Bima Sugam, subject to commensurate increase in authorised share capital of Bima Sugam. The Investment Committee Meeting commenced at 11:05 am and concluded at 11:17 am. It enclosed the requisite details as an Annexure 1. The above information will also be made available on the Company's website at www.icicilombard.com.
The above information is a part of company’s filings submitted to BSE.
