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RBI Approves ICICI Prudential AMC Stake Purchase in AU Small Finance Bank

AU Small Finance Bank logoAU Small Finance Bank
Sig2.31Sen+2.30Env0.00Soc0.00Gov+1.98

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.

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