SEBI clears ICICI Bank (IBN) move to shift AIF management to ICICI Prudential AMC

Rhea-AI Filing Summary

ICICI Bank Limited reports that its subsidiary ICICI Venture Funds Management Company (IVen) has received approval from the Securities and Exchange Board of India (SEBI) for a planned transfer of its private equity, venture capital and real estate fund management business to ICICI Prudential Asset Management Company (IPru AMC).

SEBI, via a letter dated March 2, 2026, approved a change in the manager and sponsor for five Category II alternative investment funds, including India Advantage Fund S4 I, multiple India Advantage Fund S5 schemes, India Real Estate Investment Fund Series 2 and Iven Amplifi Fund. The approval is valid for six months, allowing the transaction to move forward once remaining procedures and agreements are completed.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-15002

ICICI Bank Limited
(Translation of registrant’s name into English)

ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.

Form 20-F   X  Form 40-F      

Table of Contents

Items:

1. Other news

OTHER NEWS

Sub: Disclosure under Indian Listing Regulations

IBN

ICICI Bank Limited (the ‘Bank’) Report on Form 6-K

The Bank has made the below announcements to the Indian stock exchanges:

This is further to the disclosure made by ICICI Bank Limited ('the Bank') on May 9, 2025, on the proposed transfer of the private equity, venture capital and real estate fund management business of ICICI Venture Funds Management Company Limited (IVen) to ICICI Prudential Asset Management Company Limited (IPru AMC), subject to receipt of requisite regulatory and other approvals, completion of other procedures and entering into the necessary agreements.

IVen has, vide an email received by the Bank today at 5:32 p.m., intimated that SEBI has, vide its letter dated March 2, 2026, accorded its approval for the proposed change in the Manager and Sponsor of the following AIFs of category II. The said approval is valid for a period of six months.

Sr. No	Name of AIFs	SEBI Registration No.
1.	India Advantage Fund S4 I	IN/AIF2/15-16/0170
2.	India Advantage Fund S5 I	IN/AIF2/21-22/0939
3.	India Advantage Fund S5 II	IN/AIF2/21-22/0998
4.	India Real Estate Investment Fund Series 2	IN/AIF2/22-23/1144
5.	Iven Amplifi Fund	IN/AIF2/23-24/1341

Please take the above information on record.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

For ICICI Bank Limited

Date : March 2, 2026 By: /s/ Vivek Ranjan

				Name :	Vivek Ranjan
				Title    :	Associate Leadership Team

FAQ

What did ICICI Bank (IBN) disclose in this latest update?

ICICI Bank disclosed that SEBI has approved a change in manager and sponsor for five Category II alternative investment funds managed by its subsidiary IVen, enabling progress on transferring the private equity, venture capital and real estate fund management business to ICICI Prudential Asset Management.

Which ICICI-related funds received SEBI approval according to this 6-K?

SEBI approved changes for five Category II AIFs: India Advantage Fund S4 I, India Advantage Fund S5 I, India Advantage Fund S5 II, India Real Estate Investment Fund Series 2 and Iven Amplifi Fund, all associated with ICICI Bank’s fund management subsidiary IVen.

How long is SEBI’s approval valid for ICICI Bank’s AIF changes?

SEBI’s approval for changing the manager and sponsor of the five Category II alternative investment funds is valid for six months, giving ICICI Bank’s subsidiaries time to complete required procedures and agreements to implement the proposed transfer of fund management responsibilities.

What broader transaction is SEBI’s approval linked to for ICICI Bank (IBN)?

The approval is linked to a previously announced proposal to transfer the private equity, venture capital and real estate fund management business of ICICI Venture Funds Management Company to ICICI Prudential Asset Management, subject to regulatory clearances, other approvals and execution of necessary agreements.

Which ICICI entities are involved in the AIF manager and sponsor change?

The entities involved are ICICI Venture Funds Management Company Limited (IVen), which currently manages the AIFs, and ICICI Prudential Asset Management Company Limited (IPru AMC), which is expected to take over as manager and sponsor for the specified funds following SEBI’s approval.