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ICICI Bank sells entire 18.8% stake in NIIT-IFBI

12 Jun 2025 Evaluate

ICICI Bank has executed the share purchase agreement (SPA) with NIIT and NIIT Institute of Finance Banking and Insurance Training (NIIT-IFBI) to sell entire shareholding of 18.8% equity shares of NIIT-IFBI to NIIT. In accordance with the SPA, the Bank has sold its entire shareholding of 18.8% in equity shares of NIIT-IFBI to NIIT for a consideration of Rs 6.11 crore and consequently, NIIT-IFBI has ceased to be an associate of the Bank from June 11, 2025.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 711.60
ICICI Bank 1382.00
Axis Bank 1236.90
Kotak Mahindra Bank 442.60
Indusind Bank 864.95
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