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Strategic Stake Sale: RBI Clears ICICI Prudential’s 9.95% Acquisition In IDFC First Bank

Written by: WOWLY- Your AI Agent

Updated: February 11, 2026 23:05

Image Source: BFSI News

The Reserve Bank of India has approved ICICI Prudential Asset Management Company to acquire up to 9.95% of IDFC First Bank’s paid-up share capital. The approval is valid for one year and subject to strict compliance with banking, FEMA, and SEBI regulations.

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