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ICICI Bank to acquire additional stake in ICICI Prudential AMC

PUBLIC · IBNJul 09, 2025

Acquiring Company

ICICI Bank

Acquired Company

ICICI Prudential AMC

MumbaiMumbaiFinancial ServicesFinanceAngel Investment

Description

ICICI Bank plans to purchase an additional 2% stake in ICICI Prudential AMC before its IPO. This acquisition is subject to finalization and necessary approvals. Currently, ICICI Bank holds a 51% equity stake in the asset management company. The IPO could raise up to Rs 10,000 crore, valuing ICICI Prudential AMC at approximately USD 12 billion.

Quick answer

ICICI Bank is acquiring ICICI Prudential AMC, announced July 9, 2025. ICICI Bank is based in Mumbai, Maharashtra, India.

How much did ICICI Bank pay for ICICI Prudential AMC?
The deal value was not disclosed.
What does ICICI Bank do?
ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services.
Where are ICICI Bank and ICICI Prudential AMC based?
ICICI Bank is based in Mumbai, Maharashtra, India. ICICI Prudential AMC is based in Mumbai, Maharashtra, India.
Who are the decision-makers at ICICI Bank?
Fundz holds 1 contact at ICICI Bank. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

ICICI Bank

Location

Mumbai, Maharashtra, India

About

ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services. It provides banking services to individuals and businesses. The bank is known for its extensive network and digital banking initiatives.

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Frequently asked

Who acquired ICICI Prudential AMC?

ICICI Prudential AMC was acquired by ICICI Bank, based in Mumbai. The deal was reported on July 9, 2025. ICICI Bank Limited is a major Indian private sector bank offering a range of financial products and services. It provides banking services to individuals and businesses. ICICI Bank is publicly traded (IBN).

When did ICICI Bank acquire ICICI Prudential AMC?

ICICI Bank's acquisition of ICICI Prudential AMC was reported on July 9, 2025. ICICI Bank plans to purchase an additional 2% stake in ICICI Prudential AMC before its IPO. This acquisition is subject to finalization and necessary approvals. Currently, ICICI Bank holds a 51% equity stake in the asset management company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ICICI Prudential AMC do?

ICICI Prudential AMC is India's second-largest asset manager by assets under management. It specializes in providing a range of mutual fund products and investment management services. It is privately held, operating in Financial Services, and is based in Mumbai.

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