ICICI Lombard General Insurance Company Limited
HDFC Mutual Fund increased its stake in ICICI Lombard General Insurance Company Limited from 1.20% to 1.40%, acquiring 998,437 shares. The value of these shares was ₹161.75 Cr, with each share priced at ₹1620.00.
A leading private sector general insurance company in India, ICICI Lombard provides a comprehensive range of insurance products and risk management solutions across motor, health, travel, home, and commercial segments. The company operates through multiple distribution channels including direct sales, brokers, and agents, serving both individual and corporate customers with customized coverage options and claim settlement services.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.