ICICI Lombard General Insurance Company Limited
SBI Mutual Fund increased its stake in ICICI Lombard General Insurance Company Limited from 1.56% to 1.77%, buying 1,054,548 shares. The total value of these shares is ₹170.83 Cr at ₹1620.00 apiece.
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.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.