ICICI Bank , one of India's leading private sector banks, has announced the successful completion of its subsidiary ICICI Prudential Asset Management Company's (ICICI AMC) initial public offering and subsequent listing on stock exchanges. The company has been listed on BSE Limited and National Stock Exchange of India Limited effective December 19, 2025.

IPO Completion and Listing Details

The IPO process has been successfully concluded with the following key details:

Prudential Corporation Holdings Limited, ICICI Bank's joint venture partner in the asset management business, sold 48,972,994 equity shares of face value ₹1.00 each at an issue price of ₹2,165.00 per share through the offer for sale component of the IPO.

Strategic Positioning Post-IPO

ICICI Bank has confirmed its intention to retain majority shareholding in ICICI AMC following the successful listing. This strategic decision underscores the bank's commitment to the asset management business and confidence in the subsidiary's growth prospects. The bank had earlier indicated plans to increase its stake by up to 2.00% from Prudential Corporation Holdings Ltd to maintain its controlling position.

Market Implications

The successful listing of ICICI Prudential AMC represents a significant milestone for both the parent company and India's asset management sector. As one of the country's leading asset management firms, ICICI Prudential AMC's public listing provides investors with direct exposure to India's growing mutual fund and asset management industry.

About ICICI Prudential AMC

ICICI Prudential Asset Management Company operates as one of India's prominent asset management firms, offering a comprehensive range of investment products and services. The company's successful transition to a publicly listed entity positions it well to capitalize on the expanding opportunities in India's asset management landscape while maintaining the strategic support of its parent company ICICI Bank.

ICICI Bank , one of India's leading private sector banks, has announced plans to strengthen its position in the asset management sector. The bank's board has approved acquiring an additional 2% stake in ICICI Prudential Asset Management Company (AMC), subject to regulatory approvals, signaling a strategic move to increase its ownership in this key subsidiary.

Strategic Expansion in Asset Management

The decision to increase ICICI Bank's stake in ICICI Prudential AMC demonstrates the bank's commitment to expanding its footprint in the asset management industry. This move is likely to enhance the bank's presence in the growing mutual fund market in India.

Implications for ICICI Bank

By increasing its ownership in ICICI Prudential AMC, ICICI Bank is poised to:

• Strengthen its position in the asset management sector
• Potentially benefit from the growing mutual fund industry in India
• Increase its influence over the strategic decisions of ICICI Prudential AMC

About ICICI Prudential AMC

ICICI Prudential Asset Management Company is a joint venture between ICICI Bank and Prudential plc, a British multinational life insurance and financial services company. The AMC is one of the leading fund houses in India, offering a wide range of mutual fund schemes catering to various investor needs.

Additional Board Decisions

In addition to approving the stake increase, ICICI Bank's board has made several other important decisions:

1. The bank has set August 30 as the date for its 31st Annual General Meeting (AGM).
2. August 12 has been designated as the record date for determining dividend eligibility.
3. The board has approved the appointment of M/s. Parikh Parekh & Associates as the secretarial auditor.
4. An amendment to the American Depositary Receipt (ADR) deposit agreement has been approved, which will allow registered ADS holders to exercise voting rights, pending approval from the Reserve Bank of India (RBI).

Conclusion

These strategic decisions by ICICI Bank underscore the importance of the asset management business in its overall portfolio. The additional board decisions reflect the bank's focus on corporate governance and shareholder engagement.

As these developments unfold, investors and market watchers will be keen to see how the increased stake impacts both ICICI Bank's financial performance and the operations of ICICI Prudential AMC in the competitive asset management landscape, as well as how the other board decisions affect the bank's operations and shareholder relations.