ICICI Bank Limited has informed the Exchange about Disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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ICICI Bank has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) on January 5, 2026 to acquire the remaining 100% shareholding in ICICI Prudential Pension Funds Management Company (ICICI PFM) from ICICI Prudential Life Insurance Company. With this approval, ICICI PFM will become a wholly owned subsidiary of ICICI Bank, and the Bank will also become its sponsor, subject to certain conditions. This follows earlier disclosures made by the Bank on July 19, 2025 and November 28, 2025 about the proposed acquisition. The approval clears a key regulatory hurdle needed to close the transaction.
This is a positive development for ICICI Bank shareholders as it brings the pension fund management business fully under the Bank's fold, strengthening its foothold in the pension and asset management space. The deal now moves closer to completion, though shareholders should watch for any remaining regulatory or closing conditions before the acquisition is finalized.