IBN Icici Bank Ltd

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 February 2024

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:

 

ICICI Bank Limited (“the Bank”), in its disclosure filed with the stock exchanges on May 28, 2023, had communicated that its Board of Directors had approved an increase in the shareholding in ICICI Lombard General Insurance Company Limited (“Company”), in multiple tranches up to 4.0% additional shareholding, as permissible under applicable law, to ensure compliance with Section 19(2) of the Banking Regulation Act, 1949 and make the Company, a subsidiary of the Bank, subject to receipt of necessary regulatory approval(s). Vide its disclosures dated August 5, 2023 and September 2, 2023, the Bank had communicated that it had received the approval from Reserve Bank of India and the Insurance Regulatory & Development Authority of India in connection with the above. Subsequently, vide its disclosure dated February 27, 2024, the Bank had communicated that it had, through the stock exchange mechanism, purchased 8,098,658 equity shares of face value of ₹10 each of the Company for an approximate consideration of ₹13.56 billion.

 

We wish to inform that subsequent to the above disclosure and till the close of market hours today, the Bank has, through the stock exchange mechanism, further purchased 2,514,365 equity shares of face value of ₹10 each of the Company for an approximate consideration of ₹4.31 billion. Consequently, the Company has become a subsidiary of the Bank.

 

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:	February 29, 2024		By:		/s/Vivek Ranjan
				Name :	Vivek Ranjan
				Title    :	Assistant General Manager

 

 

 

 

 

 

 

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