An ATM van of ICICI bank carrying ₹50 million was looted by armed robbers on Friday afternoon in Delhi's Defence Colony.

The incident took place at around 1:45 pm when the armed robbers waylaying the van opened fire at the security guard and took off with the vehicle.  

The guard was immediately rushed to the All India Institute of Medical Sciences (AIIMS) trauma center and is in critical condition after a bullet hit his chest, IBN Live reported. The guard is identified as Munna, aged 45.

Police officials have reached the spot and initial investigation and searches are being carried out in South Delhi and other nearby places.

Four suspects arrived in a car and waited for the ATM cash van to deposited the money in an ICICI ATM. The moment the cash was taken out the robbers shot the guard and rushed off in the van, NDTV quoted police as saying.

According to reports, the van was recovered a few kilometres away from where the incident took place, but no cash was found inside it.

This is the biggest amount stolen from an ATM van in the national capital, the news channel said.

In 2001, around ₹20 million was robbed in a similar manner from an ATM van of ICICI bank in Delhi's Connaught Place. The case was solved a year later.