ICICI Bank boosts stake in asset management subsidiary, allots employee shares

ICICI Bank announced on September 12, 2025, that the Reserve Bank of India approved its plan to purchase an additional 2% shareholding in its subsidiary, ICICI Prudential Asset Management Company Limited. This move aims to maintain ICICI Bank's majority shareholding, following previous disclosures regarding its investment in the subsidiary.

Concurrently, ICICI Bank also allotted 907,481 equity shares, each with a face value of INR 2, under its Employees Stock Option Scheme-2000. This allotment was approved by two executive directors on September 12, 2025, pursuant to powers delegated by the bank's board of directors.