ICICI Bank (NYSE: IBN) lifts ICICI Prudential AMC holding to 53.0% stake

Rhea-AI Filing Summary

ICICI Bank Limited reports that it has completed the share purchase agreement with Prudential Corporation Holdings Limited to acquire up to 2% of the fully diluted pre-IPO share capital of its subsidiary, ICICI Prudential Asset Management Company Limited (ICICI AMC). With the closing conditions satisfied on December 9, 2025, the Bank now holds 53.0% of ICICI AMC’s paid-up equity share capital. This increases ICICI Bank’s majority ownership in its asset management subsidiary, consolidating its position in the investment management business ahead of any potential future capital market events for ICICI AMC.

Insights

Banking and Financial Services Analyst

ICICI Bank slightly increases its majority stake in ICICI AMC to 53.0%.

ICICI Bank Limited has closed its previously announced transaction with Prudential Corporation Holdings Limited, acquiring up to 2% of the fully diluted pre-IPO share capital of ICICI Prudential Asset Management Company Limited. Following completion of the closing conditions on December 9, 2025, ICICI Bank now holds 53.0% of ICICI AMC’s paid-up equity share capital, reinforcing majority control over this asset management subsidiary.

This change modestly strengthens ICICI Bank’s ownership and governance influence over ICICI AMC, which operates in the investment management space. The reference to “pre-IPO” share capital indicates the transaction occurs ahead of any potential listing of ICICI AMC, although no specific timing or structure is mentioned in the disclosure.

The filing also includes a standard forward-looking statements disclaimer, highlighting that future business plans and growth prospects are subject to various risks such as regulatory changes, macroeconomic conditions, asset quality, and market movements. Future company communications may provide more detail on how ICICI AMC fits into ICICI Bank’s broader growth and capital markets strategy.

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 December 2025

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

Subject: Disclosure under Indian Listing Regulations

IBN

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

The Bank has made the below announcement to the Indian Stock Exchanges:

This is further to the disclosure made by ICICI Bank Limited (“the Bank”) on December 8, 2025 with regard to execution of the share purchase agreement (“SPA”) with Prudential Corporation Holdings Limited (“PCHL”) for the acquisition of up to 2% of the fully diluted pre-IPO share capital of our subsidiary, ICICI Prudential Asset Management Company Limited (“ICICI AMC”) from PCHL.

In accordance with the SPA, all the closing conditions have been completed today at 8:42 p.m. and the Bank now holds 53.0% of ICICI AMC’s paid-up equity share capital.

We request you to kindly take the same on record.

Certain definitions in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. These forward-looking statements are identified by their use of terms and phrases such as “aim,” “ambition,” “anticipate,” “aspire,” “aspiration”, “believe,” “commit,” “commitment,” “could,” “desire,” “estimate,” “expect,” “goals,” “intend,” “may,” “milestones,” “objectives,” “outlook,” “plan,” “probably,” “project,” “risks,” “schedule,” “seek,” “should,” “target,” “vision,” “will,” “would” and similar terms and phrases. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations or which affect global or Indian economic conditions, increase in non-performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our

filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov.

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icicibank.com CIN.: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007. India 

 

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:	December 9, 2025		By:	/s/ Prachiti Lalingkar
				Name :	Prachiti Lalingkar
				Title    :	Company Secretary

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icicibank.com CIN.: L65190GJ1994PLC021012 Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007. India 

FAQ

What did ICICI Bank Limited (IBN) announce in this 6-K?

ICICI Bank Limited announced that all closing conditions under its share purchase agreement with Prudential Corporation Holdings Limited have been completed, and it has increased its ownership in its subsidiary ICICI Prudential Asset Management Company Limited by acquiring up to 2% of its fully diluted pre-IPO share capital.

What is ICICI Bank’s current ownership in ICICI Prudential Asset Management Company Limited?

After completion of the transaction described, ICICI Bank now holds 53.0% of ICICI Prudential Asset Management Company Limited’s paid-up equity share capital, confirming a majority stake in the asset management subsidiary.

Who sold the shares of ICICI Prudential Asset Management Company Limited to ICICI Bank?

The shares were acquired from Prudential Corporation Holdings Limited, which entered into a share purchase agreement with ICICI Bank for the sale of up to 2% of ICICI AMC’s fully diluted pre-IPO share capital.

Does the disclosure mention an IPO of ICICI Prudential Asset Management Company Limited?

The disclosure refers to the acquisition of up to 2% of the fully diluted pre-IPO share capital of ICICI AMC, but it does not provide any specific details regarding the timing, structure, or certainty of any potential IPO.

Are there any forward-looking statements or risks highlighted by ICICI Bank in this release?

Yes. ICICI Bank includes a forward-looking statements disclaimer noting that its future business plans and growth prospects are subject to various risks and uncertainties, including regulatory changes, economic conditions, asset quality, interest and foreign exchange rate movements, and other factors described in its reports filed with securities regulators.

How might this increased stake in ICICI AMC affect ICICI Bank’s business?

By increasing its ownership to 53.0%, ICICI Bank strengthens its majority control over ICICI Prudential Asset Management Company Limited, which may enhance its strategic influence over the asset management business, though no specific financial impact is detailed in the disclosure.