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Board of ICICI Bank approves acquisition of up to 2% additional stake in ICICI Life
Feb 28,2026
The Board of ICICI Bank at its meeting which concluded today i.e. 28 February 2026, approved purchase of up to 2.0% additional shareholding in its subsidiary, ICICI Prudential Life Insurance Company (ICICI Life). This purchase will primarily be towards maintaining the Bank's majority shareholding in the event of exercise of stock-based compensation of ICICI Life. The above will be subject to receipt of requisite approvals.