ICICI Bank Receives RBI Approval for LIC 9.99% Stake Acquisition

Date: September 5, 2026

Board Meeting Outcomes

• ICICI Bank received a copy of RBI letter dated September 4, 2026 addressed to Life Insurance Corporation of India (LIC)
• RBI has approved LIC to acquire 'aggregate holding' of up to 9.99% of the paid-up share capital or voting rights in ICICI Bank
• The acquisition must be completed within one year from the date of RBI approval letter (by September 3, 2027)
• Failure to complete acquisition within one year will result in automatic cancellation of RBI approval
• The approval is subject to certain conditions including compliance with relevant statutory and regulatory provisions

Regulatory Disclosure

• Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Letter received by ICICI Bank on September 4, 2026 at 9:09 p.m.
• Copy submitted to BSE Limited and National Stock Exchange of India Limited
• Copy also sent to Singapore Stock Exchange, SIX Swiss Exchange Ltd, New York Stock Exchange (NYSE), and Japan Securities Dealers Association