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The latest update is out from ICICI Lombard General Insurance Co. Ltd. ( (IN:ICICIGI) ).
ICICI Lombard General Insurance Company Limited has received a significant GST demand and penalty order from the Joint Commissioner, CGST & Central Excise, Bhopal, amounting to over ₹94 crore for the financial years 2018-2019 to 2022-2023. The company plans to appeal this order and explore legal options, which could impact its financials and operational strategies, highlighting the regulatory challenges faced by companies in the insurance sector.
More about ICICI Lombard General Insurance Co. Ltd.
ICICI Lombard General Insurance Company Limited operates in the insurance industry, offering a range of general insurance products and services. The company focuses on providing solutions across various sectors, including health, motor, travel, and home insurance, catering to both individual and corporate clients.
Average Trading Volume: 60,471
Technical Sentiment Signal: Strong Buy
Current Market Cap: 992.8B INR
For detailed information about ICICIGI stock, go to TipRanks’ Stock Analysis page.