Key Takeaways from ICICI Lombard Acquisition:

• ICICI Lombard acquires stakes in ITC Limited and Axis Bank.
• Acquired 0.05% of ITC for Rs 2.45 billion and 0.10% of Axis Bank for Rs 3.18 billion.
• Transactions were completed on November 6, 2024.
• Both acquisitions were made through cash consideration.

The company acquired 0.05% of ITC's shares for Rs 2.45 billion and 0.10% of Axis Bank's shares for Rs 3.18 billion. Both acquisitions were made through cash consideration.

These transactions are part of ICICI Lombard's regular business activities and do not require regulatory approvals. The investments are in line with the company’s growth strategy and are not classified as related party transactions.

About ICICI Lombard General Insurance Company Limited: 

ICICI Lombard General Insurance Company Limited is one of India’s leading private general insurance companies, offering a wide range of insurance products, including motor, health, travel, home, and business insurance. With over two decades of experience, the company has issued more than 36 million policies and settled over 2.9 million claims. Known for its customer-centric approach, ICICI Lombard’s commitment to innovation and service excellence has earned it numerous awards. The company operates with a strong network of 312 branches and employs over 13,000 people. ICICI Lombard aims to continue providing reliable insurance solutions to secure businesses and individuals across India.

About ITC Limited: 

ITC Limited is one of India’s foremost multi-business enterprises, with operations spanning FMCG, paper, packaging, agribusiness, hotels, and IT. Known for its commitment to sustainability, ITC is the only company globally to be carbon-positive, water-positive, and solid waste recycling-positive. The company’s core values—trusteeship, customer focus, respect for people, excellence, innovation, and nation orientation—have been central to its growth and success. ITC strives to enhance wealth generation and deliver long-term value for its stakeholders. Its diverse portfolio and focus on innovation have helped ITC establish a strong presence both in India and internationally.

About Axis Bank Limited: 

Axis Bank is the third largest private sector bank in India, providing a wide range of financial services to various customer groups, including large and mid-sized companies, MSMEs, agriculture, and retail businesses. It began operations in 1994 as one of the first new-generation private banks. The bank was established in 1993 with support from several organizations, including the Specified Undertaking of Unit Trust of India (SUUTI), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and other insurance companies. Over time, the shareholding of Unit Trust of India was transferred to SUUTI, which was created in 2003. The other insurance companies have since been reclassified from promoters to public shareholders.

Key Takeaways from Macro Tech Developers Acquisition:

• Macrotech Developers to acquire stakes in three digital infrastructure companies for Rs 307 crore.
• The deals are with Bain Capital for Bellissimo Digital Infrastructure, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.
• Macrotech will acquire 30% in Bellissimo Digital for Rs 22 crore, 33.33% in Palava Induslogic 4 for Rs 189.88 crore, and 33.33% in Bellissimo In City FC Mumbai 1 for Rs 95.12 crore.
• The acquisitions align with Macrotech’s strategy to expand its LILP brand in digital infrastructure.

Macrotech in a filing revealed that it had signed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) to acquire their interests in Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited and Bellissimo In City FC Mumbai 1 Private Limited. The total consideration for these acquisitions is Rs 307 crore.

These acquisitions are aligned with Macrotech’s strategy to expand its digital infrastructure portfolio, particularly in the industrial and logistics sectors, under its Lodha Industrial and Logistics Park (LILP) brand.

For Bellissimo Digital Infrastructure, Macrotech will acquire a 30% equity stake and other securities from Bain Capital for Rs 22 crore. For Palava Induslogic 4, Macrotech will acquire a 33.33% equity stake and other securities from Bain Capital for Rs 189.88 crore. In the case of Bellissimo In City FC Mumbai 1, Macrotech will acquire a 33.33% equity stake and other securities from Bain Capital for Rs 95.12 crore. 

About Macro Tech Developers Limited:

Lodha is a renowned leader in Indian real estate, with over four decades of experience in crafting world-class residential and commercial developments. Driven by a legacy of excellence, the company focuses on delivering unmatched quality and scale while raising expectations in the industry. Lodha is committed to sustainability, employing innovative designs and practices to minimise its environmental impact. With a presence across major cities like Mumbai, Pune, Bengaluru, and London, Lodha has delivered over 65,000 homes and continues to shape the future of real estate with visionary leadership and a relentless commitment to customer satisfaction.

Key Takeaways from Macro Tech Developers Acquisition:

• Macrotech Developers to acquire stakes in three digital infrastructure companies for Rs 307 crore.
• The deals are with Bain Capital for Bellissimo Digital Infrastructure, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.
• Macrotech will acquire 30% in Bellissimo Digital for Rs 22 crore, 33.33% in Palava Induslogic 4 for Rs 189.88 crore, and 33.33% in Bellissimo In City FC Mumbai 1 for Rs 95.12 crore.
• The acquisitions align with Macrotech’s strategy to expand its LILP brand in digital infrastructure.

Macrotech in a filing revealed that it had signed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) to acquire their interests in Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited and Bellissimo In City FC Mumbai 1 Private Limited. The total consideration for these acquisitions is Rs 307 crore.

These acquisitions are aligned with Macrotech’s strategy to expand its digital infrastructure portfolio, particularly in the industrial and logistics sectors, under its Lodha Industrial and Logistics Park (LILP) brand.

For Bellissimo Digital Infrastructure, Macrotech will acquire a 30% equity stake and other securities from Bain Capital for Rs 22 crore. For Palava Induslogic 4, Macrotech will acquire a 33.33% equity stake and other securities from Bain Capital for Rs 189.88 crore. In the case of Bellissimo In City FC Mumbai 1, Macrotech will acquire a 33.33% equity stake and other securities from Bain Capital for Rs 95.12 crore. 

About Macro Tech Developers Limited:

Lodha is a renowned leader in Indian real estate, with over four decades of experience in crafting world-class residential and commercial developments. Driven by a legacy of excellence, the company focuses on delivering unmatched quality and scale while raising expectations in the industry. Lodha is committed to sustainability, employing innovative designs and practices to minimise its environmental impact. With a presence across major cities like Mumbai, Pune, Bengaluru, and London, Lodha has delivered over 65,000 homes and continues to shape the future of real estate with visionary leadership and a relentless commitment to customer satisfaction.

Key Takeaways from ICICI Lombard Acquisition:

• ICICI Lombard acquires stakes in ITC Limited and Axis Bank.
• Acquired 0.05% of ITC for Rs 2.45 billion and 0.10% of Axis Bank for Rs 3.18 billion.
• Transactions were completed on November 6, 2024.
• Both acquisitions were made through cash consideration.

The company acquired 0.05% of ITC's shares for Rs 2.45 billion and 0.10% of Axis Bank's shares for Rs 3.18 billion. Both acquisitions were made through cash consideration.

These transactions are part of ICICI Lombard's regular business activities and do not require regulatory approvals. The investments are in line with the company’s growth strategy and are not classified as related party transactions.

About ICICI Lombard General Insurance Company Limited: 

ICICI Lombard General Insurance Company Limited is one of India’s leading private general insurance companies, offering a wide range of insurance products, including motor, health, travel, home, and business insurance. With over two decades of experience, the company has issued more than 36 million policies and settled over 2.9 million claims. Known for its customer-centric approach, ICICI Lombard’s commitment to innovation and service excellence has earned it numerous awards. The company operates with a strong network of 312 branches and employs over 13,000 people. ICICI Lombard aims to continue providing reliable insurance solutions to secure businesses and individuals across India.

About ITC Limited: 

ITC Limited is one of India’s foremost multi-business enterprises, with operations spanning FMCG, paper, packaging, agribusiness, hotels, and IT. Known for its commitment to sustainability, ITC is the only company globally to be carbon-positive, water-positive, and solid waste recycling-positive. The company’s core values—trusteeship, customer focus, respect for people, excellence, innovation, and nation orientation—have been central to its growth and success. ITC strives to enhance wealth generation and deliver long-term value for its stakeholders. Its diverse portfolio and focus on innovation have helped ITC establish a strong presence both in India and internationally.

About Axis Bank Limited: 

Axis Bank is the third largest private sector bank in India, providing a wide range of financial services to various customer groups, including large and mid-sized companies, MSMEs, agriculture, and retail businesses. It began operations in 1994 as one of the first new-generation private banks. The bank was established in 1993 with support from several organizations, including the Specified Undertaking of Unit Trust of India (SUUTI), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and other insurance companies. Over time, the shareholding of Unit Trust of India was transferred to SUUTI, which was created in 2003. The other insurance companies have since been reclassified from promoters to public shareholders.