Icici Bank ( (IBN) ) has issued an update.
On March 29, 2025, ICICI Bank announced the execution of a share purchase agreement to sell its entire 19% stake in ICICI Merchant Services Private Limited (IMSPL) to First Data Holding I (Netherlands) B.V. and its nominee. This strategic move is part of the bank’s ongoing efforts to streamline its operations and focus on core banking activities. The completion of the transaction is expected to impact the bank’s financial structure and stakeholder interests, with further details to be disclosed in due course.
More about Icici Bank
ICICI Bank Limited is a leading financial institution in India, primarily engaged in providing banking and financial services. The bank operates in various segments including retail banking, wholesale banking, and treasury operations, serving a wide range of customers across the country.
YTD Price Performance: 5.74%
Average Trading Volume: 4,516,298
Technical Sentiment Signal: Sell
Current Market Cap: $111.5B
Learn more about IBN stock on TipRanks’ Stock Analysis page.