The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Bank Ltd
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ICICI Bank Limited has disclosed the sale of 22,20,000 equity shares (face value Rs. 5 each) in Glittek Granites Ltd, representing 8.55% of the company's paid-up equity share capital. The shares were sold in multiple tranches, the last being on June 8, 2026, through a buyback by the promoter. ICICI Bank, which is not part of the promoter group, has gone from holding 8.55% of Glittek Granites to zero after this transaction. The total share capital of Glittek Granites remains at 2,59,59,400 equity shares of Rs. 5 each.
This is a positive signal for shareholders as the promoter has effectively consolidated its stake in the company by absorbing ICICI Bank's 8.55% holding. It indicates promoter confidence in the business, though the reduced free float may impact liquidity and trading volumes in the stock.