ICICI Lombard General Insurance Company Limited — JV/Acquisition, 19-12-2024: Acquisition

ICICI Lombard has acquired shares in Bajaj Finance Limited for ₹0.14 billion, increasing its cumulative holding to 0.06%. This acquisition is part of ICICI Lombard's ordinary investment operations and enhances its exposure to Bajaj Finance, a leading non-banking financial company with a market capitalization of ₹4,279.74 billion. Bajaj Finance serves around 92.09 million customers across 4,245 locations in India, showcasing a strong diversified portfolio. This move aims to leverage potential synergies and growth in the financial services sector, positively impacting ICICI Lombard's strategic positioning.