Regulatory9 Sept 2026, 05:31 pm
AU Small Finance Bank Gets RBI Nod for 9.95% Stake by ICICI Prudential AMC
AI Summary
AU Small Finance Bank (AU SFB) has received approval from the Reserve Bank of India (RBI) for ICICI Prudential Asset Management Company Limited (I-Pru AMC) to acquire an aggregate holding of up to 9.95% of the bank's paid-up share capital or voting rights. This approval is contingent upon compliance with relevant banking regulations, FEMA, SEBI guidelines, and other applicable statutes. The approval allows I-Pru AMC, along with associated mutual funds, AIFs, and PMS clients, to increase their stake in AU SFB.
Key Highlights
- RBI approves ICICI Prudential AMC's stake acquisition in AU SFB.
- Maximum aggregate holding allowed is 9.95% of paid-up capital.
- Approval is subject to compliance with banking and securities regulations.
- This allows for increased institutional investment in AU SFB.
Price Impact
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