ICICI Lombard General Insurance Company Limited — JV/Acquisition, 29-10-2025: Acquisition

ICICI Lombard General Insurance has acquired shares worth ₹ 61 crore in HDFC Bank, India's largest private sector bank. This latest tranche brings ICICI Lombard's cumulative holding in HDFC Bank to 0.03%. This investment is described as part of ICICI Lombard's ordinary investment function, focusing on portfolio allocation. It's a financial move rather than a strategic acquisition aimed at operational control or business integration, leveraging HDFC Bank's established presence across commercial and retail banking services.