ICICI Bank Offloads Entire 18.8% Stake in NIIT IFBI

ICICI Bank Limited has formally divested its entire equity interest in NIIT Institute of Finance Banking and Insurance Training Limited (NIIT-IFBI), ending its association with the financial training institute. This strategic move was communicated to Indian and international exchanges as part of regulatory compliance.

ICICI Bank Executes Share Purchase Agreement

In its earlier disclosure dated April 19, 2025, ICICI Bank had announced that its Board of Directors approved the sale of its 18.8% stake in NIIT-IFBI to NIIT Limited. This decision materialised on June 11, 2025, at 10:06 a.m., when the Bank executed a Share Purchase Agreement (SPA) with NIIT Limited and NIIT-IFBI.

As per the SPA, the Bank sold its entire equity holding for a consideration of ₹61.1 million. This transaction marks ICICI Bank’s complete exit from NIIT-IFBI, a company established to deliver specialised training in finance, banking, and insurance domains.

NIIT-IFBI No Longer an Associate of the Bank

Following the sale, NIIT-IFBI has ceased to be classified as an associate of ICICI Bank. The Bank has notified both BSE Limited and the National Stock Exchange of India Limited in accordance with Regulation 30 read with para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, the communication was extended to the New York Stock Exchange, Japan Securities Dealers Association, Singapore Stock Exchange, and SIX Swiss Exchange Ltd., reflecting the Bank’s adherence to international disclosure standards.

Read More: Top Indian Banks Earn ₹21,773 Crore in Insurance Commissions!

ICICI Bank Share Performance 

As of June 12, 2025, at 12:40 PM, ICICI Bank share price is trading at ₹1,424.80 per share, reflecting a decline of 0.43% from the previous closing price. Over the past month, the stock has declined by 1.64%.

Conclusion

The divestment of NIIT-IFBI represents a deliberate strategic step for ICICI Bank in managing its portfolio of investments. With this transaction concluded, the Bank’s equity ties with NIIT-IFBI officially end, allowing it to focus on its principal areas of business.

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