28-Oct-2026 22:18:25

ICICIGIAcquisition and merger

ICICIGI : ACQUIRES SBI SHARES WORTH RS 172 CR

• On October 28, 2026, ICICI Lombard acquired SBI shares worth ~₹172 Cr. • Post-acquisition cumulative holding in SBI is 0.02%. • Investment was made in the ordinary course of the company's investment function. • Consideration was cash; no governmental or regulatory approvals are required. • Target is State Bank of India, an Indian public sector bank in the banking sector. Impact: Neutral (Small 0.02% stake acquired in ordinary course of investment; no control or regulatory approvals involved.)

ICICI Lombard General Insurance Company Ltd

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