Link: https://links.sgx.com/1.0.0/corporate-announcements/L2NTF20QRUSH4PZT/47322c914c73e104b22ef4ab06c87ca7837e01f0bb85bb026a21f1b845c141aa

Summary:

• ICICI Bank has signed a share purchase agreement with Prudential Corporation Holdings to acquire an additional 2% stake in ICICI Prudential Asset Management Company for ₹21.40 billion in cash.

• The deal, cleared by the Reserve Bank of India, is expected to be completed on or before December 10, 2025 and is classified as a related-party transaction executed at arm’s length.

• The purchase is aimed at preserving ICICI Bank’s majority shareholding amid stock-based compensation grants at the AMC, which manages large mutual fund and investment portfolios across India and overseas.