Shares of ICICI Lombard General Insurance Company soared up to 14 per cent to Rs 1,256.70 on the BSE in Monday’s intra-day trade after ICICI Bank announced its plan to increase 4 per cent stake in the company. ICICI Bank would acquire at least 2.5 per cent stake out of the above planned 4 per cent before September 9, 2024. This removes a key overhang on the stock.