ICICI Bank received Reserve Bank of India approval on September 4, 2026, allowing Life Insurance Corporation of India to acquire an aggregate holding of up to 9.99% of its paid-up share capital or voting rights.

The central bank’s letter, addressed to the applicant, stipulates that the acquisition must be completed within one year from the date of approval. Failure to meet this timeline will result in the cancellation of the RBI approval.

Regulatory Conditions

The approval is subject to compliance with relevant statutory and regulatory provisions. ICICI Bank disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank notified the Bombay Stock Exchange and National Stock Exchange on September 5, 2026. Copies were also sent to the New York Stock Exchange, Singapore Stock Exchange, Japan Securities Dealers Association, and SIX Swiss Exchange Ltd.

ICICI Bank Limited completed the issuance of USD 500 million in Senior Unsecured Fixed Rate Notes on September 3, 2026. The transaction was executed through the bank’s IFSC Banking Unit under its USD 7.5 billion Global Medium Term Note Programme.

Transaction Details

The notes carry a BBB rating from S&P Global Ratings and a Baa3 rating from Moody's Ratings. They will be listed on the Global Securities Market of the India International Exchange IFSC Limited, the Debt Securities Market of the NSE IFSC Limited, and SGX-ST.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier communication dated August 31, 2026.

Listing and Distribution

The securities are not for distribution in the United States. They have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the US except pursuant to an exemption from registration requirements.

Copies of the disclosure were sent to the New York Stock Exchange, Singapore Stock Exchange, Japan Securities Dealers Association, and SIX Swiss Exchange Limited.