Announced Wed, 9 Sept, 2026 · 17:54 IST
ICICI Banks AMC arm gets RBI nod to buy up to 9.95 percent stake in 4 banks
ICICIBANK · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹1389.10
prior close
₹1385.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3-0.1-0.0+0.0-0.7-2.8-2.2-2.8-3.4-3.4-4.1———
Up moveDown movePending
AI summary
ICICI Banks subsidiary ICICI Prudential Asset Management has received RBI approval to acquire up to 9.95 percent aggregate holding in CSB Bank, DCB Bank, Kotak Mahindra Bank and AU Small Finance Bank. The acquisitions must be completed within one year, failing which approvals lapse. The RBI nod was granted under its Master Direction on bank shareholding acquisition dated November 28, 2025.
Likely market impact
Shows ICICI Prudential AMC's strategic push into banking sector stakes. Target banks may see significant buying interest and potential open offer obligations.