ICICI Bank to maintain over 51 pc stake in all 3 listed entities: ED

• ICICI Bank aims to maintain over 51% stake in all three of its listed entities.
• The bank will increase its stake in IPO-bound ICICI Prudential AMC by 2% to ensure over 51% ownership post-IPO.
• ICICI Bank's ownership in ICICI Prudential AMC will rise to 53% after the IPO.
• ICICI Prudential AMC is currently the most profitable asset manager in India.
• ICICI Prudential AMC plans to launch a specialized investment fund and acquire ICICI Venture's businesses.

Why It Matters: ICICI Bank's stake commitment signals stability for its financial entities.