Quick Summary
ICICI Lombard General Insurance Company Ltd has been issued a GST show-cause notice amounting to ₹288 crore for the fiscal year 2020, according to a report by CNBC-TV18 shared on X (formerly Twitter) on Thursday. This significant development comes as the company reports robust financial performance and notable corporate transactions. Financial Performance Highlights Fourth Quarter FY24 Revenue Growth: ICICI Lombards topline increased by 1.29%. Profit Surge: The profit soared by
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FAQ :
ICICI Lombard has been issued a GST show-cause notice amounting to ₹288 crore.
The GST show-cause notice is for the fiscal year 2020.
The company has reported robust financial performance, with revenue and profit growth in both the fourth quarter of FY24 and the third quarter of FY24.
Yes, Bharti Enterprises divested a portion of its holdings, reducing its stake, while ICICI Bank increased its stake in the subsidiary.
ICICI Lombard's shares rose by 0.87% following these developments, closing at ₹1,662.00 on Thursday.
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