ICICI Bank (NYSE: IBN) gains full control of ICICI Prudential PFM unit

Rhea-AI Filing Summary

ICICI Bank Limited has completed the acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited. After executing a share purchase agreement with ICICI Life and ICICI PFM and completing all formalities, ICICI PFM has become a wholly owned subsidiary of ICICI Bank. This move brings the pension funds management business fully under ICICI Bank’s direct control.

Insights

Banking and financial services analyst

ICICI Bank now fully owns its pension funds management subsidiary.

ICICI Bank has executed a share purchase agreement with ICICI Prudential Life Insurance Company and ICICI Prudential Pension Funds Management Company, resulting in the bank holding 100% of ICICI PFM. This converts ICICI PFM into a wholly owned subsidiary, consolidating control of its pension funds management operations within the banking group.

Full ownership can simplify governance and strategic alignment between the bank and its pension funds business, as decisions no longer require coordination with a separate shareholder. The filing does not quantify the financial size of the transaction, so the economic impact cannot be assessed from this disclosure alone, but structurally it clarifies ownership and control.

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 January 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

Subject: Disclosure under Indian Listing Regulations

IBN

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

This is further to the disclosures made by ICICI Bank Limited (the Bank) on July 19, 2025, November 28, 2025 and January 6, 2026 regarding the proposed acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited (ICICI Life) to make ICICI PFM a wholly owned subsidiary of the Bank.

The Bank has executed the share purchase agreement (“SPA”) with ICICI Life and ICICI PFM today at 11:49 a.m. in relation to the above. Subsequently, all the formalities have been completed. The Bank now holds 100% shareholding in ICICI PFM and ICICI PFM has become a wholly owned subsidiary of the Bank.

Please take the above information on record.

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icici.bank.in 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	: January 12, 2026	By:	/s/  Vivek Ranjan
		Name :	Vivek Ranjan
		Title    :	Associate Leadership Team

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

FAQ

What ownership change at ICICI Prudential Pension Funds Management Company did IBN disclose?

ICICI Bank disclosed that it now holds 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM), making it a wholly owned subsidiary.

Who sold the ICICI Prudential Pension Funds Management Company stake to ICICI Bank (IBN)?

The shares in ICICI Prudential Pension Funds Management Company Limited were acquired by ICICI Bank from ICICI Prudential Life Insurance Company Limited.

What agreement did ICICI Bank (IBN) sign to acquire ICICI PFM?

ICICI Bank signed a share purchase agreement (SPA) with ICICI Prudential Life Insurance Company Limited and ICICI Prudential Pension Funds Management Company Limited to acquire 100% of ICICI PFM.

What is the result of the ICICI PFM transaction for ICICI Bank (IBN)?

As a result of the transaction, ICICI PFM has become a wholly owned subsidiary of ICICI Bank, with the bank holding all of its share capital.

When did ICICI Bank (IBN) execute the share purchase agreement for ICICI PFM?

ICICI Bank executed the share purchase agreement with ICICI Life and ICICI PFM on January 12, 2026 at 11:49 a.m., after which all formalities were completed.

What prior disclosures did ICICI Bank (IBN) make about the ICICI PFM acquisition?

ICICI Bank had previously disclosed the proposed acquisition of ICICI PFM on July 19, 2025, November 28, 2025 and January 6, 2026 before confirming completion in this report.