Disclosure under Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
ICICI Bank has sold its entire 18.8% stake in NIIT Institute of Finance Banking and Insurance Training Limited (NIIT-IFBI), an associate company, to NIIT Limited. The share purchase agreement was signed on June 11, 2025, at 10:06 a.m. for a total consideration of ₹61.1 million. Following this transaction, NIIT-IFBI has ceased to be an associate of ICICI Bank effective the same day. The Bank's Board had originally approved this proposal on April 19, 2025. This is a non-core, portfolio-level divestment rather than a move related to ICICI Bank's main banking operations.
The financial impact is negligible given the small ticket size of ₹61.1 million relative to ICICI Bank's overall balance sheet. For shareholders, this means NIIT-IFBI will no longer be consolidated as an associate, slightly simplifying the Bank's group structure but having no material effect on earnings or stock price.