ICICI Bank: Subsidiary IPO Details Emerge, Stake Boosted

ICICI Bank Limited announced on December 9, 2025, the completion of its share purchase agreement with Prudential Corporation Holdings Limited. This agreement involved the acquisition of up to 2% of the fully diluted pre-IPO share capital of its subsidiary, ICICI Prudential Asset Management Company Limited (ICICI AMC).

With all closing conditions met, ICICI Bank now holds 53.0% of ICICI AMC's paid-up equity share capital. This transaction follows an initial disclosure made by the bank on December 8, 2025.

The announcement included standard forward-looking statements and disclaimers, noting these are based on assumptions and are subject to various risks and uncertainties. Filings with the United States Securities and Exchange Commission provide further details.