ICICI Prudential Asset Management Company Limited (the AMC) has made a regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations. The disclosure concerns approvals received from the Reserve Bank of India (RBI) for acquiring stakes in certain banks.

Key Quantitative Figures

The RBI has granted approvals for the AMC to acquire "aggregate holding" of up to 9.95% of the paid-up equity capital or voting rights in each of the following four banks:

  • CSB Bank Limited
  • DCB Bank Limited
  • Kotak Mahindra Bank Limited
  • AU Small Finance Bank Limited

Dates of Action

  • Approval Date: The RBI approval letters are dated September 8, 2026.
  • Receipt Date: ICICI Bank Limited informed the AMC about the receipt of these approvals on September 9, 2026, at 6:24 p.m.
  • Disclosure Date: This regulatory filing was made on September 9, 2026.

Parties Involved

  • Regulator: Reserve Bank of India (RBI)
  • Informing Entity: ICICI Bank Limited
  • Disclosing Entity: ICICI Prudential Asset Management Company Limited (the AMC)
  • Target Entities: CSB Bank Limited, DCB Bank Limited, Kotak Mahindra Bank Limited, AU Small Finance Bank Limited

Conditions and Compliance

The RBI approvals are subject to certain conditions including compliance with relevant statutory and regulatory provisions. The specific conditions are not detailed in this disclosure.

Purpose and Implementation Clarification

The AMC clarified that it will undertake acquisition of equity shares of the aforesaid banks as an investment manager for and on behalf of:

  • Schemes of ICICI Prudential Mutual Fund (MF), including investment strategies under Specialised Investment Fund
  • Schemes under Alternative Investment Funds (AIF)
  • Clients of Portfolio Management Services (PMS) of the AMC

Financial Impact

Financial impact not quantified in the disclosure. The approval allows for potential acquisition of up to 9.95% stake in each of the four target banks, but specific investment amounts or timing are not disclosed.

Capital Structure Impact

The disclosure does not specify any immediate impact on the AMC's capital structure. The acquisitions will be made through various investment vehicles managed by the AMC.