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India's ICICI Lombard shares fall on trading debut after $871 mln IPO
September 27, 2017 / 4:37 AM / in a month

India's ICICI Lombard shares fall on trading debut after $871 mln IPO

MUMBAI, Sept 27 (Reuters) - ICICI Lombard General Insurance Co Ltd, India’s top private sector non-life insurer, fell as much as 3.4 percent in its market debut on Wednesday, after its initial public offering last week raised $871 million.

As of 0431 GMT, ICICI Lombard shares were trading at 643.50 rupees on the National Stock Exchange, 2.7 percent lower than the IPO issue price of 661 rupees. ($1 = 65.4500 Indian rupees) (Reporting by Devidutta Tripathy and Swati Bhat; Editing by Edwina Gibbs)

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