ICICI Bank to acquire up to 2% stake in ICICI Prudential AMC
ICICI Bank has announced that its board has approved the acquisition of up to 2% additional stake in ICICI Prudential Asset Management Company (AMC). The move is intended to help the bank maintain its majority shareholding in the subsidiary, CNBC TV18 reported. The acquisition is subject to regulatory approvals, the bank said in a regulatory filing on June 27.