ICICI Bank Ltd.

ICICI Bank has secured its Board’s approval to acquire up to 2% additional shareholding in its subsidiary -- ICICI Prudential Life Insurance Company (ICICI Life). This purchase will primarily be towards maintaining the Bank’s majority shareholding in the event of exercise of stock-based compensation of ICICI Life. 

The Board of Directors of the Bank in its meeting held from February 26 to February 28, 2026 has approved the same. 

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.