ICICI Bank Limited — Important, 09-07-2025: General Updates

ICICI Bank has announced a board meeting and plans to increase its stake in ICICI Prudential Asset Management Company by up to 2% from Prudential Corporation Holdings ahead of the AMC’s IPO. The purchase, to be done via cash, aims to maintain the Bank’s majority holding (currently 51%) and counter potential dilution from stock-based incentives. ICICI Prudential AMC reported FY25 turnover of ₹4980 Cr and PAT of ₹2651 Cr, with strong growth over the last three years. The AMC operates mutual funds, portfolio and investment management services mainly in India. RBI approval is awaited.