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.
