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ICICI Bank buys stake in I-Process Services (India)

21 Mar 2024 Evaluate

ICICI Bank has purchased 22,500 shares of I-Process Services (India) through off-market transactions. Consequently, the Company has become a subsidiary of the Bank. The Company will become a wholly owned subsidiary of the Bank in due course. Earlier, the bank had received approval from Board of Directors of the Bank for making I-Process Services (India) a wholly-owned subsidiary of the Bank.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 803.05
ICICI Bank 1584.00
Axis Bank 1332.40
Kotak Mahindra Bank 487.60
Indusind Bank 919.00
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