ICICI Bank Ltd.ICICIBANK₹1,453.50 +1.00%

ICICI Bank’s Board of Directors, at its meeting held today, approved a proposal to acquire an additional 2.0% stake in its subsidiary, ICICI Prudential Asset Management Company Limited. The move aims to maintain the bank’s majority ownership in the AMC ahead of its anticipated public listing.

The bank had earlier, in its February 12, 2025 stock exchange filing, indicated plans to retain its majority shareholding in ICICI Prudential AMC during the company’s listing process. The latest board decision reiterates that commitment, with the additional stake purchase intended primarily to offset potential dilution from stock-based compensation schemes granted by the AMC.

The move is also aligned with ICICI Bank’s broader strategy of maintaining a strong influence over its high-growth subsidiaries across financial services.

ICICI Bank has given multibagger returns of more than 100% and 315% over the last three and five years, respectively.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 1:40 PM.

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