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After the longtime MD and CEO resigned, ICICI Lombard is in the process of filling the vacancy.
The bank estimates that the acquisition will likely be completed by the end of October 2023.
Investors with very high risk appetite and want to invest for 5 to 7 years in ETF schemes should invest in Navi Nifty 50 ETF.
Bakhshi graduated with an MBA from Jamshedpur's Xavier Labour Relations Institute.
Currently, the bank holds a 19% stake in iProcess.
Norges Bank Investment Management's Government Pension Fund Global in Norway owns 3.13% of ICICI Securities.
The bank can increase the stake in the insurance firm through one or more tranches by August 31, 2024
Morgan Stanley, ICICI Pru Life purchased a stake in the company.
Investors with very high risk appetite and want to invest for 5 to 7 years in midcap companies should invest in UTI Nifty Midcap 150 ETF.
Investors with low risk appetite and want to invest for liquidity in ETF should invest in HDFC Nifty 1D Rate Liquid ETF.