ICICI Bank sells 18.8% stake in NIIT Institute of Finance Banking

sold its 18.8% stake in NIIT-IFBI for Rs6.1 crore to NIIT Ltd, effective June 11, ceasing its association with the bank. NIIT also acquired an additional 0.49% from individual shareholders, making NIIT-IFBI a wholly owned subsidiary. The sale was approved by ICICI Bank's board in April 2025.