ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
ICICIBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICICI Bank has sold its entire 18.8% equity stake in associate company NIIT Institute of Finance Banking and Insurance Training Limited (NIIT-IFBI) to NIIT Limited for a consideration of ₹61.1 million (~₹6.11 crore). The share purchase agreement was signed on June 11, 2025, following the Bank's Board approval on April 19, 2025. With this sale, NIIT-IFBI has ceased to be an associate of ICICI Bank. NIIT-IFBI operates in the banking, finance, and insurance training space and is not part of the Bank's core lending operations.
The deal size is very small relative to ICICI Bank's overall scale and represents a routine exit from a non-core associate. Negligible impact on the Bank's financials or stock price.