ICICI Bank sell stake in ICICI Securities

ICICI Bank sell stake in ICICI Securities

by admin- Friday, August 28th, 2020 06:26:52 PM

ICICI Bank has finished the sale of sixty four.42 lakh shares of its subsidiary ICICI Securities thru an open marketplace sale.

The 2% stake in the employer become sold with the aid of ICICI Bank for a total attention of Rs. 310 crore.

The lender had to pare stake in ICICI Securities to be able to follow minimal public shareholding norms.

The financial institution stated that its stake in its subsidiary now stands at 77.22%, submit the divestment.

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