ICICI Bank acquires 2% stake from joint venture partner

ICICI Bank acquires 2% stake from joint venture partner of its life insurance arm for ₹1,470 cr

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 ICICI Bank on Wednesday said it has raised its stake in its life insurance venture by buying a 2 per cent stake from its joint venture partner for a sum of ₹1,470 crore. The bank has, through multiple tranches executed between July 22 and September 2, 2026, completed the purchase of 29,015,693 equity shares of ICICI Life, representing about 2 per cent of ICICI Life's equity share capital on June 30, 2026, for an approximate consideration of Rs 14.70 billion through the stock exchange mechanism, ICICI Bank said in a regulatory filing. Following this, the bank's shareholding in ICICI Life stands at approximately 52.8 per cent. All this is for information This is not a buy/sell recommendation. Thank you, Technofunda24