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An update from Icici Bank ( (IBN) ) is now available.
ICICI Bank has announced the approval for the sale of its 19% stake in ICICI Merchant Services Private Limited (IMSPL), an associate company. This transaction, expected to be completed by June 30, 2025, will result in IMSPL no longer being an associate of ICICI Bank. The sale is valued between ₹ 1.60 – 1.90 billion and will be sold to First Data Holdings 1 (Netherlands) BV, a global leader in electronic commerce and payment services. This move aligns with ICICI Bank’s strategic decisions and may impact its financial structure by reducing its stake in IMSPL.
More about Icici Bank
ICICI Bank Limited is a prominent financial institution based in Mumbai, India, primarily engaged in providing banking and financial services. It operates in the banking industry, offering a range of services including retail banking, corporate banking, and treasury operations to a diverse market.
YTD Price Performance: 30.63%
Average Trading Volume: 5,547,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $110.5B
Learn more about IBN stock on TipRanks’ Stock Analysis page.
