Announced Wed, 24 Jun · 20:53 IST
RBI approves ICICI Bank's 2% stake hike in ICICI Prudential Life
ICICIBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹1373.10
prior close
₹1381.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.6+0.3+0.4+1.2+0.5+0.4+2.0+2.8+2.8+5.6+5.3——
Up moveDown movePending
AI summary
ICICI Bank has received RBI approval to buy up to 2% more shares in its subsidiary ICICI Prudential Life Insurance, helping the bank keep its holding above 50%. The bank had first disclosed plans for this purchase on Feb 28, 2026. The acquisition is subject to certain conditions set by the RBI.
Likely market impact
Positive for ICICI Bank as it retains majority control of its profitable insurance arm. Minor impact on capital ratios expected.