ICICI Bank Ltd.

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.