Acquisitions11 Feb 2026, 11:23 pm
RBI Approves ICICI Prudential AMC to Acquire 9.95% Stake in Equitas Small Finance Bank
AI Summary
Equitas Small Finance Bank Limited has received an intimation from RBI regarding the approval granted to M/s. ICICI Prudential Asset Management Company Limited along with group entities of ICICI Bank Limited to acquire an 'aggregate holding' of up to 9.95% of the paid- up equity capital or voting rights in ESFBL. This approval is subject to compliance with various regulations and statutes, and is valid for a period of one year from the date of the approval.
Key Highlights
- RBI has approved ICICI Prudential AMC and group entities of ICICI Bank Limited to acquire up to 9.95% stake in Equitas Small Finance Bank
- The approval is subject to compliance with various regulations and statutes
- The validity of the approval is one year from the date of the approval
- The acquisition is subject to the relevant provisions of the Banking Regulation Act, 1949
- The approval is also subject to provisions of the Foreign Exchange Management Act, 1999, and regulations issued by Securities and Exchange Board of India