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ICICI Bank Limited ( (IN:ICICIBANK) ) has issued an announcement.
ICICI Bank Limited has completed the acquisition of an additional 2% stake in its subsidiary, ICICI Prudential Asset Management Company Limited, from Prudential Corporation Holdings Limited, bringing its total ownership to 53%. This strategic move strengthens ICICI Bank’s control over its asset management arm, potentially enhancing its market position and operational synergy within the financial services sector.
More about ICICI Bank Limited
ICICI Bank Limited is a prominent player in the banking industry, offering a wide range of financial services and products. The bank focuses on retail and corporate banking, investment banking, life and non-life insurance, venture capital, and asset management. It is known for its significant presence in the Indian market and its efforts to expand internationally.
Average Trading Volume: 575,319
Technical Sentiment Signal: Strong Buy
Current Market Cap: 9951.8B INR
For detailed information about ICICIBANK stock, go to TipRanks’ Stock Analysis page.