Industry Newsroom

Warburg Pincus Sells Partial Stake in ICICI Lombard General Insurance for US$164 Million (Asia)

Global private equity fund manager Warburg Pincus has partially exited its stake in India-listed ICICI Lombard General Insurance Company for INR11.4 billion (approximately US$164 million), selling 14.3 million shares via bulk deals for INR800 (approximately US$11) per share. Warburg originally acquired a 9 percent stake in the company for US$284 million in 2017 and still holds a 5.9 percent stake.