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As on : 13-Nov-2026
Corporate News
13-Nov-2026      23:29

ICICI Lombard acquires 0.13% stake in Axis Bank for Rs 0.40 billion

ICICI Lombard General Insurance Company Limited disclosed on November 13, 2026, that it acquired shares of Axis Bank Limited in multiple tranches over a period of time, with a cash consideration of Rs 0.40 billion, resulting in a cumulative holding of 0.13% as of that date. Axis Bank, incorporated in India on December 3, 1993, is India’s third largest private sector bank with 6,414 domestic branches and a turnover of Rs 1622.12 billion in fiscal year 2025-26.

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