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Red Bloom Investment sells 3.15% stake in ICICI Lombard

Red Bloom Investment, a unit of global private equity firm Warburg Pincus, sold about 3.15 percent stake in ICICI Lombard General Insurance Co Ltd at a price of Rs 1,100 per share on June 25. ICICI Lombard's shares settled nearly 7 percent lower in the previous session following the block deals. Shares of ICICI Lombard traded 1.38 percent up at Rs 1,117.30 per share as of 11.30 AM. Societe Generale has picked up about 0.65 percent in ICICI Lombard in the block deals.