Bharti AXA - ICICI Lombard deal: IRDAI grants final approval; demerger and transfer of general insurance business to be effective from THIS date
ICICI Lombard General Insurance Company on Friday said sectoral regulator Irdai has given its final approval for the demerger of the general insurance business of Bharti AXA General Insurance to itself by way of a scheme of arrangement.
"In this regard, the company on September 3, 2021 has received a letter from Irdai granting final approval to the proposed scheme," ICICI Lombard said in a regulatory filing.