ICICI Bank Limited has informed the Exchange regarding 'Update on ICICI Prudential Asset Management Company Limited and ICICI Venture Funds Management Company Limited'.
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ICICI Bank has informed the exchanges that the transfer of investment management rights for 5 Alternative Investment Funds (AIFs) from ICICI Venture Funds Management Company Limited (IVen) to ICICI Prudential Asset Management Company Limited (IPru AMC) has been completed, effective April 1, 2026. The AIFs include India Advantage Fund Series 4, Series 5 (two sub-funds), ICICI Real Estate Investment Fund Series 2, and Iven Amplifi Fund. This follows earlier disclosures made on May 9, 2025 and March 2, 2026 regarding the proposed transfer of IVen's private equity, venture capital, and real estate fund management business into IPru AMC. The required approvals have now been received and agreements executed between the two entities.
This is an internal consolidation of the group's fund management businesses under one entity (IPru AMC) rather than a deal involving outside parties. No immediate material impact on ICICI Bank shareholders is expected, but it streamlines the group's asset and wealth management operations.