ICICI Bank Ltd.

ICICI Bank has acquired 2,25,74,134 shares or 5.03% stake in IVRCL by interest loan conversion. This acquisition of shares in the Hyderabad-based infrastructure company is on cumulative basis and in accordance with the terms and conditions laid down in the Corporate Debt Restructure process of the company.

ICICI Bank is India’s largest private sector bank. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans across 18 international locations.