ICICI Lombard General Insurance Company Limited has made a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of shares in Axis Bank Limited.
The disclosure provides the following details:
Target Entity Details:
- Name: Axis Bank Limited
- Market Capitalization: ₹4.14 trillion (as on November 13, 2026)
- Industry: Banking
- Country of Presence: India
- Incorporation Date: December 3, 1993
- Business Segments: Retail, SME and Corporate segment
- Branch Network: 6,414 domestic branches
- Position: India's third largest private sector bank
Historical Financial Performance of Axis Bank:
- FY 2025-26 Turnover: ₹1,622.12 billion
- FY 2024-25 Turnover: ₹1,559.17 billion
- FY 2023-24 Turnover: ₹1,379.89 billion
Acquisition Details:
- Investment made in multiple tranches over a period of time
- Most recent acquisition: ₹0.40 billion worth of shares on November 13, 2026
- Consideration: Cash
- Cumulative holding post-acquisition: 0.13% of Axis Bank
- Purpose: Ordinary course of investment function of the Company
Regulatory and Transaction Aspects:
- No governmental or regulatory approvals required
- Does not constitute a related party transaction
- Promoter and promoter group entities may have investment and other business-related transactions/arrangements with target entity at arm's length length
- No specific time period for completion as investment has already been made in multiple tranches
The disclosure was signed by Vikas Mehra, Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited.