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ICICI Lombard Faces Significant Income-Tax Demand

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ICICI Lombard Faces Significant Income-Tax Demand

ICICI Lombard General Insurance Co. Ltd. ( (IN:ICICIGI) ) has provided an update.

ICICI Lombard General Insurance Company Limited has disclosed a significant income-tax demand of ₹9,587,670,179 for the assessment year 2020-21, which includes substantial interest charges. This development could impact the company’s financial standing and requires careful consideration by stakeholders as it may influence the company’s operations and market positioning.

More about ICICI Lombard General Insurance Co. Ltd.

ICICI Lombard General Insurance Company Limited operates in the insurance industry, providing a range of general insurance products including motor, health, travel, and home insurance. The company focuses on delivering comprehensive insurance solutions to individuals and businesses across India.

YTD Price Performance: -0.90%

Average Trading Volume: 12,258

Current Market Cap: 888.3B INR

Learn more about ICICIGI stock on TipRanks’ Stock Analysis page.

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