ICICI Bank Tightens Grip on AMC Arm with 2% Stake Hike Ahead of IPO

Unknown Apr 02, 2026 850 Views

ICICI Bank Ltd has approved the acquisition of up to 2.0% additional shareholding in ICICI Prudential Asset Management Company (AMC), reinforcing its control ahead of the AMC’s anticipated initial public offering (IPO). The move is designed to maintain the bank’s majority 51% stake, e...