With reference to disclosure filed with the stock exchanges on May 28, 2023 in which ICICI Bank Board of Directors had approved an increase in the shareholding in ICICI Lombard General Insurance Company, in multiple tranches up to 4.0% additional shareholding, as permissible under applicable law, to ensure compliance with Section 19(2) of the Banking Regulation Act, 1949 and make the Company, a subsidiary of the Bank, subject to receipt of necessary regulatory approval(s), ICICI bank has informed that yesterday i.e. on August 4, 2023 in the afternoon the Bank has received the approval from Reserve Bank of India in connection with the above. Certain other statutory/regulatory approval(s) are awaited.
The above information is a part of company’s filings submitted to BSE.
