ICICI Bank on Wednesday said it has raised its stake in its life insurance venture by buying a 2 per cent stake from its joint venture partner for a sum of Rs 1,470 crore.

The bank has, through multiple tranches executed between July 22 and September 2, 2026, completed the purchase of 29,015,693 equity shares of ICICI Life, representing about 2 per cent of ICICI Life's equity share capital on June 30, 2026, for an approximate consideration of Rs 14.70 billion through the stock exchange mechanism, ICICI Bank said in a regulatory filing.