RBI clears HDFC Bank to buy up to 9.95% stake in ICICI Bank

PUBT·05/07/2026 09:36:19

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ICICI Bank disclosed receipt of an RBI letter granting HDFC Bank approval to acquire aggregate holding of up to 9.95% of paid-up share capital or voting rights in ICICI Bank within one year.
RBI approval dated May 6, 2026; ICICI Bank received copy at 7:15 p.m. on May 6.
Approval lapses if acquisition not completed within one year; subject to conditions including compliance with statutory and regulatory requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: KAPZBBAX4VL4NM0F) on May 07, 2026, and is solely responsible for the information contained therein.

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