ICICI Bank Gets RBI Nod to Acquire Additional Stake Up to 2% in ICICI Prudential AMC

ICICI Bank Limited has received the Reserve Bank of India’s (RBI) approval to acquire an additional 2% stake in ICICI Prudential Asset Management Company (AMC). The nod signals the regulator’s confidence in the lender’s ability to expand its influence in the asset management business, at a time when India’s mutual fund industry is witnessing sustained growth and inflows.

Significance of the Stake Acquisition 

The additional stake will deepen ICICI Bank’s involvement in ICICI Prudential AMC, one of the country’s largest asset managers. With mutual fund penetration rising across India, the acquisition comes at a crucial time to capture a greater share of the expanding investor base. For ICICI Bank, this strengthens its strategy of diversifying revenue streams beyond core banking, reinforcing its foothold in wealth and investment services.

Related Developments from Filings

Separately, ICICI Bank informed the exchanges about the allotment of 907,481 equity shares of face value ₹2 each on September 12, 2025. These shares were issued under the ICICI Bank Employees Stock Option Scheme–2000 (ESOS-2000). The allotment was approved by 2 Executive Directors at 10:12 a.m. the same day, pursuant to the authority delegated by the bank’s board during its October 21, 2023, meeting.

Read More: SEBI Approves Key Reforms to Boost Investor Protection and Inclusion in Mutual Funds!

ICICI Bank Share Price Performance 

As of September 15, 2025, at 1:44 PM, ICICI share price is trading at ₹1,419.80 per share, reflecting a gain of 0.15% from the previous closing price. Over the past month, the stock has declined by 0.93%.

Conclusion

With the dual announcements, ICICI Bank has strengthened both its capital management framework and its control over its asset management subsidiary. The RBI’s nod for acquiring an additional 2% stake in ICICI Prudential AMC ensures its majority ownership, while the allotment of equity shares under ESOS-2000 reflects its commitment to employee participation in the bank’s growth journey.

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