ICICI Bank Share Price in Focus; To Acquire Additional 2% Stake in ICICI Prudential AMC

ICICI Bank has announced the acquisition of an additional 2% stake in ICICI Prudential Asset Management Company (AMC) from Prudential Corporation Holdings Limited (PCHL).  

This transaction, valued at ₹21.40 billion, is aimed at maintaining the bank's majority shareholding in the asset management company. 

Details of the Acquisition 

On December 8, 2025, ICICI Bank executed a share purchase agreement with PCHL to acquire a 2% stake in ICICI Prudential AMC. The asset management company had total assets of ₹48.27 billion as of September 30, 2025, with a turnover of ₹29.49 billion and a profit after tax of ₹16.18 billion for the 1st half of 2026. 

This acquisition is classified as a related party transaction, conducted at arm's length. ICICI Bank, which does not have any promoters, continues to hold a majority stake in ICICI AMC. 

Purpose and Impact of the Acquisition 

The primary objective of this acquisition is to maintain ICICI Bank's majority shareholding in ICICI AMC, particularly in light of potential stock-based compensation grants by the asset management company. The Reserve Bank of India has approved this transaction, subject to compliance with applicable regulations. 

Financial Considerations 

The acquisition involves a cash consideration of ₹21.40 billion, determined by an independent valuer. The transaction is expected to be completed on or before December 10, 2025. 

Read More: ICICI Prudential AMC IPO Opens for Subscription on December 12 with Prudential Offloading 10% Stake! 

Background of ICICI Prudential AMC 

ICICI Prudential AMC, incorporated on June 22, 1993, is a leading asset management company in India. It manages significant assets in the mutual fund segment and offers portfolio management services to investors across the country. The company also provides investment management services to alternative investment funds and advisory services to international clients. 

In the last 3 financial years, ICICI AMC reported the following turnovers: ₹49.80 billion in FY2025, ₹37.61 billion in FY2024, and ₹28.38 billion in FY2023. 

ICICI Bank Share Price Performance  

As of December 09, 2025, at 9:18 AM, ICICI Bank share price on NSE was trading at ₹1,382.20 down by 0.53% from the previous closing price. 

Conclusion 

ICICI Bank's acquisition of an additional 2% stake in ICICI Prudential AMC for ₹21.40 billion reinforces its commitment to maintaining a majority shareholding in the asset management company. This strategic move ensures the bank's continued influence and control over ICICI AMC's operations. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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