ICICI Lombard Acquires SBI Shares Worth ₹1.72 Billion

ICICI Lombard General Insurance Company Ltd has disclosed the acquisition of shares in State Bank of India (SBI). The investment, made in multiple tranches over time, saw ICICI Lombard acquire shares worth ₹1.72 billion on October 28, 2026. Post-acquisition, ICICI Lombard's cumulative holding in SBI stands at 0.02%. SBI is a major Indian public sector bank with a market capitalization of ₹8.83 trillion as of the acquisition date. This acquisition is part of ICICI Lombard's investment function and does not constitute a related party transaction, although promoter group entities may have other arm's length transactions with SBI.