Warburg Pincus exits ICICI Lombard; sells remaining 2.7% stake for $194.5 mn

- Warburg had invested in ICICI Lombard in 2017, ahead of the insurer’s initial public offering
- Red Bloom Investments, through which Warburg Pincus held the stake, sold its entire shareholding comprising of 1.22 crore shares for a price of ₹1,122.27 apiece