ICICI Bank ups ICICI AMC stake to 53% after PCHL deal

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Moneycontrol•10-12-2025, 07:48
ICICI Bank ups ICICI AMC stake to 53% after PCHL deal
- •ICICI Bank increased its stake in ICICI Prudential Asset Management Company (ICICI AMC) to 53.0%.
- •The bank acquired an additional 2% fully diluted pre-IPO share capital from Prudential Corporation Holdings Limited (PCHL).
- •The transaction was completed on December 9, 2025, following a share purchase agreement on December 8, 2025.
- •This disclosure was made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Why It Matters: ICICI Bank's increased stake gives it majority control over ICICI AMC.
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