ICICI Bank has signed an agreement for investment in India Debt Resolution Company (IDRCL) on March 28, 2022. Equity investment would be in tranches with first tranche of equity investment of Rs 3 crore expected to be completed by March 31, 2022. Total cash consideration of up to Rs 7.5 crore in multiple tranches to acquire up to 15.0% equity holding in IDRCL.
ICICI Bank is a leading private sector bank in India.