ICICI Lombard ups stake in HDFC Bank with ₹0.61 bn investment

ICICI Lombard General Insurance Company Limited acquired additional shares in HDFC Bank on October 29, 2025, valued at ₹0.61 bn. This latest acquisition brings ICICI Lombard’s cumulative holding in HDFC Bank to 0.03% post-transaction. The investment is categorized as part of the company's ordinary course of investment function.

The transaction, which does not constitute a related party transaction, involves HDFC Bank, India's largest private sector bank. HDFC Bank, incorporated on August 30, 1994, reported a market capitalization of ₹15.48 trillion as of October 29, 2025.

HDFC Bank’s turnover for the financial years 2024-25, 2023-24, and 2022-23 was ₹4709.16 bn, ₹4079.94 bn, and ₹2046.66 bn, respectively. The investment was made in multiple tranches over time, utilizing cash consideration.