ICICI Bank has informed that the Bank has received a copy of RBI letter dated the same day addressed to HDFC Bank (the applicant) that it has accorded its approval to the applicant to acquire ‘aggregate holding’ of up to 9.95% of the paid-up share capital or voting rights in the Bank within one year from the date of RBI approval letter, failing which RBI approval shall stand cancelled. The approval is subject to certain conditions including compliance with the relevant statutory and regulatory provisions.
The above information is a part of company’s filings submitted to BSE.
