RBI Approves ICICI Prudential AMC Stake Purchase in AU Small Finance Bank
AU Small Finance Bank received RBI approval allowing ICICI Prudential Asset Management to acquire an aggregate stake of up to 9.95% in the bank’s paid-up share capital or voting rights, spanning mutual fund schemes, alternative investment funds and portfolio management clients. The clearance supports a major strategic position, alongside the bank’s well-capitalised position and recent profit growth.
Coverage (4)
- ICICI Prudential AMC gets clearance to buy up to 9.95% of four lenders (retailbankerinternational.com)
- ICICIAMC receives RBI approval to pick up to 9.95% stake in AU Small Finance Bank (business-standard.com)
- RBI approves ICICI Prudential AMC’s up to 9.95% stake buy in AU Small Finance Bank (economictimes.com)
- AU Small Finance Bank: RBI Approves ICICI Prudential AMC's Up To 9.95% Stake Acquisition (sahi.com)