ICICI Bank has acquired an additional 1.41% stake in ICICI Lombard General Insurance Company through the open market.

Banking & Finance

ICICI Bank has acquired an additional 1.41% stake in ICICI Lombard General Insurance Company through the open market. The lender bought 69,82,852 shares through multiple block deals on the stock exchanges at Rs1,666.35 a share. As of December-2023, the private sector lender held a 47.91% stake in the insurance major. Through a separate deal, Bharti Enterprises sold a 1.3% stake in ICICI Lombard General Insurance for Rs1,042 crore. It sold 62,50,900 shares at Rs1,666.35 a share.


     

     

     

 

     


ICICI Bank

Founded- 1994
CEO- Sandeep Bakhshi
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