ICICI Bank Limited has informed the Exchange that Record date for the purpose of Dividend is 12-Aug-2025.
ICICIBANK · price
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ICICI Bank's board approved buying up to 2.0% additional stake in its subsidiary ICICI Prudential Asset Management Company (IPAMC) to maintain majority shareholding ahead of the AMC's potential listing, with the purchase primarily meant to offset stock-based compensation grants. The board fixed August 30, 2025 as the date for the 31st Annual General Meeting (AGM) and set August 12, 2025 as the record date for identifying members eligible for dividend, if declared at the AGM. M/s Parikh Parekh & Associates was appointed as Secretarial Auditor for a five-year term (FY2026 to FY2030), subject to shareholder approval. The bank also proposed amendments to its ADR Deposit Agreement to grant voting rights to registered ADS holders, subject to RBI approval. All the above decisions remain subject to receipt of requisite regulatory approvals.
The 2.0% stake hike reinforces ICICI Bank's grip on its high-value AMC subsidiary ahead of a likely IPO, while the dividend record date signals a potential payout for shareholders in FY25, both of which are positive indicators for retail investors.