What is the maximum stake ICICI group entities can hold in HDFC Bank?

ICICI group entities can increase their stake in HDFC Bank to a maximum of 9.95%.

What is the current stake of ICICI group entities in HDFC Bank?

As of February 6, ICICI group entities held a total of 4.07% stake in HDFC Bank.

What happens if ICICI group's stake in HDFC Bank falls below 5%?

If the ICICI group's stake falls below 5%, they will need fresh approval from the RBI to raise the shareholding to 5% or more.

Home / Business and Economy / RBI Greenlights ICICI Stake Hike in HDFC Bank

RBI Greenlights ICICI Stake Hike in HDFC Bank

12 Feb

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Summary

RBI permits ICICI group entities to increase HDFC Bank stake.
The approved stake can reach up to 9.95% of HDFC Bank.
ICICI group entities currently hold 4.07% of HDFC Bank.

RBI Greenlights ICICI Stake Hike in HDFC Bank

India's central bank has granted approval for ICICI Prudential Asset Management Company and other ICICI group entities to increase their shareholding in HDFC Bank. The approval allows the ICICI group's stake to rise to a maximum of 9.95%.

As of February 6, the ICICI group entities collectively owned 4.07% of HDFC Bank, India's largest lender by market capitalization. This approval from the Reserve Bank of India is valid for one year.

ICICI group entities must ensure their holdings in HDFC Bank remain at or below 9.95% at all times. Should the stake fall below 5%, fresh RBI approval will be required to re-increase it to 5% or more.

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