Karur Vysya Bank Ltd has informed BSE regarding "Approval granted by Reserve Bank of India (RBI) to ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring aggregate holding ....
KARURVYSYA · price
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Awaiting price reaction for this filing.
The Reserve Bank of India has approved ICICI Prudential Asset Management Company Ltd, along with group entities of ICICI Bank, to acquire up to 9.95% of the paid-up share capital or voting rights of Karur Vysya Bank. The approval is valid for one year from February 10, 2026, and the holding must not exceed 9.95% at any point. This is a renewal of a similar approval granted earlier on December 29, 2023, which had expired. The approval is subject to compliance with the Banking Regulation Act, RBI's 2025 share acquisition directions, FEMA, and SEBI regulations.
This signals renewed institutional interest from a major fund house and the ICICI group in Karur Vysya Bank. A cap of 9.95% keeps the stake just below the 10% regulatory threshold, limiting any potential takeover or governance influence. The approval itself is unlikely to cause a major price swing but reinforces institutional confidence in the bank.