Icici Bank ( (IBN) ) has shared an update.
On February 12, 2025, ICICI Bank announced that its joint venture partner, Prudential PLC, is considering a potential listing and partial divestment of its stake in ICICI Prudential Asset Management Company. ICICI Bank intends to maintain its majority shareholding in the asset management company, demonstrating its long-term commitment to this venture. This development could impact the company’s market positioning and influence stakeholders’ perceptions.
More about Icici Bank
ICICI Bank Limited is a prominent financial institution based in Mumbai, India. The bank operates in the banking and financial services industry, providing a wide range of products including retail banking, corporate banking, and asset management. It focuses on serving both individual and institutional clients in India and has a significant presence through various joint ventures and subsidiaries.
YTD Price Performance: -3.22%
Average Trading Volume: 4,004,493
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $101.9B
Learn more about IBN stock on TipRanks’ Stock Analysis page.