ICICI Lombard General Insurance Company Acquires Shares in HDFC Bank Limited
Mumbai – March 20, 2026 – ICICI Lombard General Insurance Company Limited announced that its investment function acquired shares in HDFC Bank Limited in multiple tranches over a period of time. As of March 19, 2026, the company’s cumulative holding in HDFC Bank Limited stands at 0.05%.HDFC Bank Limited, incorporated on August 30, 1994, is India’s largest private sector bank. The bank provides a wide range of banking services including commercial, investment, and retail banking. As of March 19, 2026, HDFC Bank Limited’s market capitalization was ₹ 12.31 trillion.
The acquisition of shares is being made in the ordinary course of the company's investment function. The investment involved a cash consideration and does not constitute a related party transaction.
Financial Details of HDFC Bank Limited (₹ in billion)
| Year | Turnover |
|---|---|
| 2023 | 4709.16 |
| 2022 | 4079.94 |
| 2021 | 2046.66 |
On March 19, 2026, the company invested ₹ 0.39 billion in HDFC Bank Limited.
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