ICICI Bank Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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ICICI Bank has disclosed that India Advantage Fund III (IAF-III) and India Advantage Fund IV (IAF-IV) are no longer associates of the bank. ICICI Group held 47% in IAF-IV and 24% in IAF-III as of June 30, 2025, which qualified these funds as associates of the bank. All residual units held by ICICI Group entities in both funds have now been fully redeemed, causing the associate relationship to end. The intimation was made under SEBI Listing Regulations disclosure norms.
This is a routine corporate housekeeping disclosure with no material impact on the bank's operations, earnings, or capital position. Shareholders are unlikely to see any meaningful stock price reaction as this simply reflects the unwinding of private equity fund exposures by the ICICI Group.