ICICI Bank Ltd.

ICICI Bank has executed the share purchase agreement (SPA) with ICICI Prudential Life Insurance Company (ICICI Life) and ICICI Prudential Pension Funds Management Company (ICICI PFM) for acquisition of 100% shareholding in ICICI PFM. Subsequently, all the formalities have been completed. The Bank now holds 100% shareholding in ICICI PFM and ICICI PFM has become a wholly owned subsidiary of the Bank.

ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers.