ICICI Bank has accepted the offer to acquire 10 lakh equity shares of face value of Rs 100 each of Open Network for Digital Commerce (ONDC). Post allotment, ICICI Bank will hold 5.97% stake in ONDC. Object of acquisition is to participate in the development of the Indian digital commerce ecosystem.
ONDC is engaged in creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services and to expand alternatives for both buyers and sellers to engage in the Digital Commerce space.
ICICI Bank is a leading private sector bank in India.
