ICICI Bank Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
ICICIBANK · price
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ICICI Bank has informed exchanges that RBI has approved HDFC Bank to acquire aggregate holding of up to 9.95% of ICICI Bank's paid-up share capital or voting rights. The approval was granted on May 6, 2026, and is valid for one year from that date. If HDFC Bank fails to complete the acquisition within this period, the RBI approval will stand cancelled. The approval is subject to conditions including compliance with relevant statutory and regulatory provisions. HDFC Bank is another major Indian private sector bank.
This signals a potential significant stake acquisition by HDFC Bank in ICICI Bank. The 9.95% limit is just below the 10% threshold that would trigger open offer requirements under SEBI takeover regulations, suggesting a strategic minority stake purchase rather than a full takeover attempt.