ICICI Lombard Acquires 0.19% Stake in HDFC Life for ₹233 Crore
Mon, Nov 25, 2024 12:15 PM

ICICI Lombard Acquires 0.19% Stake in HDFC Life for ₹233 Crore

A Flip by Avya Verma
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ICICI Lombard General Insurance acquired a 0.19% stake in HDFC Life Insurance for ₹233 crore, increasing its presence in the life insurance market. ICICI Lombard reported a 20.2% net profit growth in Q2 FY25, driven by a 10.4% increase in Gross Direct Premium Income, outpacing the industry growth rate.

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