ICICI Bank Limited — Important, 17-04-2025: General Updates

ICICI Bank has divested its entire 19% stake in ICICI Merchant Services Private Limited (IMSPL), an associate company. The completion of this sale, finalized through a share purchase agreement with First Data Holding I (Netherlands) B.V. and First Data (India) Private Limited, marks IMSPL's exit from being an associate of the Bank. This strategic move could allow ICICI Bank to reallocate resources and focus on core operations, potentially enhancing its overall business efficiency. Investors should note this development as it may influence the Bank's future operational strategies and financial outcomes.