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ICICI Bank’s Subsidiary Files for IPO; Bank to Maintain Majority Stake

Story Highlights
  • ICICI Prudential Asset Management Company has filed for an IPO, offering up to 10% equity shares.
  • ICICI Bank plans to buy 2% pre-IPO shares to maintain its majority stake in the subsidiary.
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ICICI Bank’s Subsidiary Files for IPO; Bank to Maintain Majority Stake

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An update from ICICI Bank Limited ( (IN:ICICIBANK) ) is now available.

ICICI Bank Limited announced its subsidiary, ICICI Prudential Asset Management Company, has filed for an IPO, offering up to 10% of its equity shares held by Prudential Corporation Holdings Limited. Concurrently, ICICI Bank intends to purchase up to 2% of the company’s pre-IPO share capital to maintain its majority stake, subject to regulatory approvals. This move aims to ensure the bank’s continued control over its subsidiary, despite potential stock-based compensations that may dilute its holdings.

More about ICICI Bank Limited

ICICI Bank Limited operates in the financial and insurance services industry, focusing on asset management through its subsidiary, ICICI Prudential Asset Management Company. The company is a significant player in the market, with total assets of ₹43.84 billion and a turnover of ₹49.80 billion as of FY2025.

Average Trading Volume: 377,180

Current Market Cap: 10244B INR

Find detailed analytics on ICICIBANK stock on TipRanks’ Stock Analysis page.

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