ICICI Bank sells 18.8% stake in NIIT-IFBI to NIIT
The transaction, approved by the bank’s Board of Directors, involves a consideration of ₹6.11 crore. With the completion of this sale, NIIT-IFBI has ceased to be an associate company of ICICI Bank, effective immediately. Shares of ICICI Bank Ltd ended at ₹1,430.85, up by ₹7.95, or 0.56%, on the BSE.
The transaction, approved by the bank’s Board of Directors, involves a consideration of ₹6.11 crore. With the completion of this sale, NIIT-IFBI has ceased to be an associate company of ICICI Bank, effective immediately. Shares of ICICI Bank Ltd ended at ₹1,430.85, up by ₹7.95, or 0.56%, on the BSE.
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