ICICI Lombard Acquires Axis Bank Shares Worth ₹0.40 Billion

ICICI Lombard General Insurance Company Ltd has disclosed an acquisition of shares in Axis Bank Limited. The investment, made in the ordinary course of the company's investment function, does not constitute a related party transaction. As of November 13, 2026, ICICI Lombard acquired shares worth ₹0.40 billion, bringing its cumulative holding in Axis Bank to 0.13%. Axis Bank, India's third-largest private sector bank, has a market capitalization of ₹4.14 trillion as of the same date. The acquisition was made in multiple tranches over time, with cash consideration.