RBI Clears LIC To Acquire Up To 9.99% Stake In ICICI Bank, Sets One-Year Window
New Delhi: The Reserve Bank of India (RBI) has given Life Insurance Corporation of India (LIC) approval to acquire an aggregate holding of up to 9.99% in private-sector lender ICICI Bank. The approval covers up to 9.99% of ICICI Bank’s paid-up share capital or voting rights, the lender said in a regulatory filing. LIC Gets One Year to Acquire Stake ICICI Bank said it received a copy of the RBI…
The Reserve Bank of India (RBI) has granted approval to the Public Sector Undertaking, Life Insurance Corporation of India (LIC), to acquire a maximum of 9.99% of ICICI Bank's paid-up share capital or voting rights. This decision was communicated to ICICI Bank on September 4, 2026, at 9:09 PM. The approval grants LIC a one-year window to complete the acquisition, after which it will expire. The acquisition will be contingent upon conformity with the requisite statutory and regulatory guidelines.
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- LIC gets RBI approval to acquire up to 9.99% stake in ICICI Bank thehindubusinessline.com
