ICICI Bank gets nod acquire up to 2% additional stake in ICICI Life
The Board of Directors of the Bank in its meeting held from February 26 to February 28, 2026 has approved the same
ICICI Bank has secured its Board’s approval to acquire up to 2% additional shareholding in its subsidiary -- ICICI Prudential Life Insurance Company (ICICI Life). This purchase will primarily be towards maintaining the Bank’s majority shareholding in the event of exercise of stock-based compensation of ICICI Life.
The Board of Directors of the Bank in its meeting held from February 26 to February 28, 2026 has approved the same.
ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers.
