ICICI Bank announced it will sell its entire 18.8% shareholding in NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), an associate company of bank. ICICI Bank expects to receive consideration ranging from ₹4.7-crore to ₹6.58-crore from sale. The sale will be made to a listed entity outside of ICICI Group and transaction will likely be complete by this year.