ICICI Lombard General Insurance Company Limited — JV/Acquisition, 15-01-2025: Acquisition

ICICI Lombard is making strategic acquisitions by investing in Max Healthcare Institute Limited and PI Industries Limited. The company acquired shares worth ₹21 crore in Max Healthcare, resulting in a cumulative holding of 0.10%. Max Healthcare operates 22 facilities across India with around 5,000 beds, focusing on advanced healthcare services. In PI Industries, ICICI Lombard invested ₹3 crore, raising its stake to 0.14%. PI is a significant player in the agrochemicals sector, enhancing ICICI Lombard's investment portfolio and diversification strategy. These moves align with the company's investment function, aiming for long-term value creation.