ICICI Bank Limited — Important, 25-07-2025: Updates
25-07-2025 | 04:24 pm
25-07-2025 | 04:24 pm
ICICI Bank's Group entities have fully redeemed their remaining units in India Advantage Fund III (IAF-III) and India Advantage Fund IV (IAF-IV). Previously, the Group held 24% in IAF-III and 47% in IAF-IV, classifying them as associates. With this complete redemption, both IAF-III and IAF-IV are no longer associates of ICICI Bank. This development simplifies the Bank's investment structure and removes these entities from its associate portfolio, signaling a strategic cleanup of non-core holdings.
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